Brazils Rate Rise Shows Rousseff Courting Markets

The transcript discusses economic decisions and market dynamics in Latin America. Policy makers raised the benchmark rate to manage inflation following President Rousseff's reelection. Valet SA, a major iron ore producer, faced financial losses due to a weaker Brazilian real and falling commodity prices. The iron ore market saw a significant price drop as major producers increased supply.

How did the reelection of President Dilma Rousseff impact the market?

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What was the reason behind policymakers raising the benchmark interest rate?

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What factors contributed to Valet SA's surprise loss?

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What trend was observed in iron ore prices since 2011?

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What actions did Rio Tinto and BHP Billiton take in response to market conditions?

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