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Brazilian Currency Policy is Very Incoherent: Strategist

Wednesday, 11 Jul 2012 | 4:30 AM ET

Maya Bhandari, the director of global macro strategy at Citi, commented for CNBC on the fact that the Brazilian Central Bank is set to cut rates again as recovery falters. She said that the Brazilian currency policy is very incoherent, and that the Brazilian Real seems to be oversold.