News Focus
News Focus
Followers 5
Posts 352
Boards Moderated 0
Alias Born 12/28/2006

Re: bbotcs post# 14138

Tuesday, 07/15/2008 9:08:50 PM

Tuesday, July 15, 2008 9:08:50 PM

Post# of 33753
The conditions aren't there for Latin America to accept a combined currency with North America (maybe the only exception could be Mexico). In fact, there are conversations going on in South America to get rid of the USD for the international trade within the block of countries (Mercosur + affiliated). I suspect this could be because Brazil's Central Bank doesn't want to keep growing their international reserves in USD, but at this point it is just a guess.

Do your own DD!!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today