John Lennon is magical

Rick Politician 873454/27/2007 I BUS 300 Chapter 9 Article This article highlights how well the Brazilian financial markets have been doing this year, but many investors decided to sell and take profits on April 24th. The Brazilian Real dropped to below 3 Reals per US Dollar for the first time since August. The Brazilian Real gained 17.7% in value on the dollar already this year. Investors were afraid that Lula would hurt the financial market, but in contrast, the market has been up. The Bovespa, the Brazilian exchange index, has risen 8% this year. The financial situation helps keep inflation down, but exporters are worried as the Brazilian Real strengthens and raises the price (or cuts into profits) of Brazilian goods on the world market. This article emphasizes the strengthening Brazilian Real, weakening U.S. Dollar and the fact that it will be increasingly difficult for Brazil to export goods and services if their currency continues to become stronger. http://www.forbes.com/markets/newswire/2007/04/24/rtr950880.html