Seeking Alpha

Report: Brazil's next finance minister could be its central bank chief

  • The real rises to its strongest level vs. the dollar since October amid a published report that Brazilian President Dilma Rousseff may replace finance minister Guido Mantega with central bank chief Alexandre Tombini.
  • First up for Rousseff though, will be winning reelection in October.
  • Tombini has led a series of rate hikes over the past year, but recently signaled a pause could soon be coming. Looking ahead to easier monetary policy, Brazil's previously beaten down stock market has been one of the globe's strongest performers over the past couple of months.
  • ETFs: EWZ, BRF, BRXX, EWZS, BRAQ, BRAZ, BRZU, BZQ, BRAF, UBR, BRZS, DBBR, FBZ
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