The Phaserl


BRICS readies response to stronger dollar

from The BRICS Post:

Brazilian President Dilma Rousseff has announced plans to coordinate a BRICS response to a stronger dollar impact on emerging economies.

“The BRICS will decide on coordinated action related to the global appreciation of the US dollar at a meeting in July in Russia,” Thomas Traumann, spokesman for the Brazilian government said.

In a phone conversation with Chinese President Xi Jinping late Monday night, President Rousseff discussed ways to strengthen policy coordination even as the US Federal Reserve signalled plans to scale back its massive stimulus programme.

Rousseff will be discussing measures with all the leaders of the BRICS bloc, which include Russia, India and South Africa, later this week.

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