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
Currency War of 2009–11 very hard to make sure they’re not at an unfair disadvantage with China." "Bloomberg" pointed out at that countries such as Brazil, South Korea and Thailand sold their respective currencies in the weeks preceding the report to curb gains and support export. South Korea, Taiwan, Brazil, Colombia and Russia were also tightening rules to limit capital flows and avoid swings in their currencies. However, the Obama administration decided to postpone the decision to label China a "currency manipulator" until after the G20 summit in South Korea and the United States elections, 2010. China issued its own "warning" against being made