The currency devaluation race continues with three new entrants. It amazes me that countries actually think they can print their way to prosperity. I've said it before, if I were a citizen of any one of these countries I would be enraged with the fact the government was devaluing the currency in my pocket and making everything I buy more expensive.
Peru's Central Bank Intervenes In Foreign Exchange Market, Buys $156 Million
Colombia central bank buying dollars; peso pulls back
Brazil Steps Up Dollar Purchases to Temper Real Rally
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