Time flies. Wasn't it just a matter of weeks ago when Brazilian finmin Mantega - frustrated over...

|By:, SA News Editor

Time flies. Wasn't it just a matter of weeks ago when Brazilian finmin Mantega - frustrated over the strength of the real - warned of currency wars? Now dealing with a sliding currency, Brazil reduces reserve requirements on short greenback positions, effectively lowering the cost for local banks to sell dollars. BZF -5.3% YTD.