Italian translation: la prima sconfitta sul mercato monetorio
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15:10 Sep 23, 2011
English to Italian translations [PRO] Bus/Financial - Finance (general)
English term or phrase:the first market beating
Brazil: Dilma Rousseff, Brazil's president, is getting the first market beating of her tenure. Adventurous monetary policy, worries of weakening central bank independence, disco-era industrial policy and even scuttlebutt about insider trading have conspired to hammer the real by 17 percent against the U.S. dollar this month, making it the biggest loser among significant emerging market currencies. Some weakness in the currency was desirable, but as Rousseff may soon learn, it's tough to regain lost credibility.