Replies to post #251649 on BOUNCE (BOING)

[dav1234]

undecided..this doesn't help.. Vale (VALE) sees further local currency depreciation countering cost rises and a slowdown in Chinese iron ore demand. The real, the worst-performing emerging market currency in the past three months, could weaken to ~2.4 from 2.15 per U.S. dollar, bolstering Brazil’s competitiveness, while Chinese demand growth for iron ore and steel is expected to slow to ~5% from 10% in the first five months of this year