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Dilma Rousseff

This tag is associated with 2 posts

Brazil, China to Sign $30 Billion Currency Swap Agreement Soon


Brazil and China will sign an agreement in the coming weeks to swap as much as $30 billion in their two currencies, Brazil Finance Minister Guido Mantega said. The currency swap, worth 60 billion reais or 190 billion yuan, will be the first step in a broader agreement with Russia, India and South Africa to … Continue reading

U.S. says China not seeking trade edge with weak yuan


The United States ruled on Friday that China was not manipulating its currency to gain an unfair trade advantage but it called the yuan “significantly undervalued” and vowed to press the Asian power for currency reforms. Many U.S. lawmakers argue China has gained a competitive edge over American manufacturers by keeping the yuan weak to … Continue reading

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