Currency War of 2009–11 US, and Financial Times journalists have suggested that if China returned to a fixed peg against the dollar this could re-ignite the Currency War, especially if the move coincided with the US presidential election campaign. Also in March 2012, Brazil's president Rousseff said her country was still experiencing undesirable upwards pressure on her currency, with her Finance Minister Guido Mantega saying Brazil will no longer "play the fool" and allow others to get away with competitive devaluation, announcing new measures aimed at limiting further appreciation for the Real. In June 2012, the "Financial Times" reported that while international trade remained
Name of Brazil Name of Brazil The name "Brazil" is a shortened form of "Terra do Brasil", "land of Brazil", a reference to brazilwood, given in the early 16th century to the territories leased to the merchant consortium led by Fernão de Loronha for commercial exploitation of brazilwood for the production of wood dyes for the European textile industry. The term for the brazilwood tree in Portuguese, "pau-brasil", is derived from "brasa" ("ember"), a reference to the colour, formed from medieval Latin "brasa", from Old French "brese", "ember, glowing charcoal", in turn from a West Germanic "*brasa"). The land of what became Brazil