FX market looks to Brazil for LatAm returns

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Brazil has proven itself to be a growth economy with a strong currency during a time of global uncertainty in the foreign exchange market, according to industry participants, with both banks and brokers focused on extracting maximum value from the country despite government efforts to reduce the inflow of capital.

Eyebrows were raised in October 2009 when the Brazilian government imposed a 2% tax on financial transactions related to foreign investments in the country's financial and capital

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