Tuesday, May 15, 2007

Dollar lower than R$2

Sweet now everything is even more expensive here. The dollar is officially worth less than 2 Reais. This is about 10% lower than it was only two months ago when I got here. Also this is a full third cheaper than it was when I visited Brazil 2 years ago.

Not good, but this is the price we pay for a big trade deficit. On the other hand, this type of thing is raising American exports.

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