Here’s What Trump Overlooks on Brazil and Argentina Currencies
- Argentina has capital controls; Brazil has intervened in real
- Trump criticized both nations over ‘massive devaluation’
A shopper counts real banknotes before paying for fruit at a street market in Sao Paulo, Brazil.
Photographer: Paulo Fridman/Bloomberg
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Recent actions by policy makers in Brazil and Argentina cast doubt on U.S. President Donald Trump’s view that the countries may be deliberately weakening their currencies.