Chatter of a likely intervention in BRL is gathering pace ...Middle East

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Chatter of a likely intervention in BRL is gathering pace
A super-strong USD is not new news, but the Brazilian Real has been on the receiving end more than most:Fiscal issues and also tensions between the President and the central bank governor have been amongst the factors weighing on the BRL. Short-term rates surging higher have done little to support the currency.Speculation on an intervention by the Banco Central do Brasil (the coutnry's central bank) is heightening. If I get any more on this I'll post it. This article was written by Eamonn Sheridan at www.forexlive.com.

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