Replies to post #7118 on The Rising Influence of Rising Affluence

[DewDiligence]

VALE—Brazil’s Real dropped as low as 2.14 reais per dollar Friday, the lowest exchange rate since mid-2009.

This ought to be bullish for VALE, whose revenues are mostly in US dollars and whose costs are mostly in Brazilian reias.

[north40000]

FWIW, I watch a Brazil ETF, EWZ, to give me a general drift as to how the Brazil economy is doing. Currently, it is trading near a 52-week low.