Tuesday, February 8, 2011

US allies with Brazil in currency war

US calls for Brazil to coordinate policies
Brazil should not act alone in trying to halt its currency's rising value, Treasury Secretary Timothy Geithner said in Sao Paulo Monday, calling for concerted action with the US and other major economies.Instead, ...

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UPDATE 5-Geithner pledges to work with Brazil on China
* Geithner urges Brazil to lobby China on yuan * U.S. and Brazil see common ground for G20 agenda * Both sides skeptical of French commodity

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