Currency War of 2009–11 dollar, with Goldman Sachs saying the real is the most over valued currency in the world. In October 2010, Brazil began increasing her capital controls, doubling a tax on foreign purchases of fixed-income assets to 4 percent so as to curb the real's appreciation to a two-year. On 18 October, Brazil sought to curb the real's gains by raising taxed capital inflow on fixed-income assets by 2% to 6% and taxed inflows for margin deposits on futures to 6% from 0.38%. Chile said it would implement capital controls to curb gains in the Chilean peso, which had strengthened the most
Brazil national rugby union team Brazil national rugby union team The Brazil national rugby union team, nicknamed Tupis, is controlled by the Confederação Brasileira de Rugby. Brazil is one of the founding unions of CONSUR (now Sudamérica Rugby) and played in the inaugural South American tournament. Brazil has not qualified for a Rugby World Cup, but participated in the first edition of rugby 7s in the Olympics. Brazil currently ranks 3rd in South America (behind Argentina and Uruguay) and 5th in the Americas region. Rugby union in Brazil has a long history, dating back to the late 19th century when British immigrants brought the game