BRAZIL: US dollar at BRL4 will favour auto exports
Although results are not yet discernible, Brazilian auto makers and their supporting components industry reckon the real's escalating against the US dollar will see a gradual recovery of export sales. It's been a while since Brazilian cars and parts were competitively priced in other markets and recovery is likely to be slow, not least due to a lack of new free-trade agreements (FTAs). Brazil has just signed its first with north western neighbour Colombia and another with Uruguay, on the southern border.
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