So when Trump asks for lower rates, Wall Street thinks real rates in the U.S. are going to zero, or negative. Brazil may be benefiting from the prospect of a weaker dollar this morning, instead of selling on tariff news. However, Brazil has never been called a currency manipulator, so Trump calling them out on Monday is a first. He also did not seem convinced that Brazil was a currency manipulator, instead switching to discuss China shortly afterwards. “I believe what the president was concerned about was the deterioration in the Brazilian currency — and that's a fair factor to take into account,” he said.
Source: Forbes December 02, 2019 14:48 UTC