The Brazilian currency is under pressure. It has been at levels falling near 2005 levels. The pressure is on with a flight to quality to US assets. With the US recovery and its prowess in technology, there is likely to be a serious exit from emerging currencies to the US Dollar. This will start off possibly with Latam, and South East Asian assets being shed even by the wealthy nationals. With oil prices down, Indonesia and Venezuela should see serious problems.Wall Street should benefit.
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