Warning: The World Is Heading For A Comprehensive "Trade War".

Brazil has warned that the world is moving towards a comprehensive "trade war" as accusations of currency manipulation are intensifying.

Brazil finance minister Guido Mantega (Guido Mantega) told the financial times that Brazil is preparing new measures to prevent further appreciation of its currency, Real, and will be in the world. Trade The WTO and other international organizations have raised the issue of currency manipulation. He said the United States and China are among the most serious fouls.

Mantega said: "this exchange rate war is changing into a trade war." This is the first time that Dilma has received an exclusive interview since Brazil's new president, Dilma Rousseff, took office in January 1st.

Prior to the announcement, Brazil, Chile and Peru intervened in the foreign exchange market last week, and the Australian dollar, Swiss franc and other currencies have recently increased sharply with the massive withdrawal of investment from the sluggish us and European economies.

These actions have revive interest in managing speculative capital flows that affect stability, the International Monetary Fund (IMF). IMF Last week, the world said it needed rules to regulate the use of capital controls.

Since 2006, Brazil's finance minister, Morgan Canada, pioneered in September last year. exchange rate The word "war" immediately controlled foreign portfolio investment in Brazil to curb Real's appreciation of 39% against the US dollar in two years.

Mantega said that most of Brazil's measures last year were aimed at the spot market, but now the focus has shifted to the futures market. He said that the futures market is now the root cause of Real's upward pressure.