Brazilian real to 2-Year High in spite of the "currency War"

Brazil is hitting the uproar of war. The variety of forex, which is according to the Minister of finance, "we're in the middle of a war of international currency, a general weakening of the currency. This threatens us because he takes our competitiveness. " By his own admission, Brazil won't be sitting on the sidelines of this war. Instead, it will do battle on behalf of its currency, the real.

Brazil's concerns may be justified, since the Brazilian real had risen to a high of 2 years and is surprisingly not worth more than prior to the collapse of Lehman Brothers and the ignition of the global financial crisis. (If anything, it shows how far we've come in return to stability).According to Goldman Sachs, the real is now the most important of the world's main currencies. This is confirmed by the Big Mac Index of the Economist, which shows that in terms of purchasing power parity (PPP), Brazil is now the third most expensive country in the world, behind only of Norway and Switzerland.