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 other countries not directly involved such as Australia; if the "currency war" continues they may be exposed to harmful upwards pressure on their exchange rates. By December 2010, currency war was less of a hot topic and wasn't even on the agenda for the bilateral trade talks held between China and the US, but the issues still remain unresolved, with many emerging economies considering increased use of capital controls to cope with potentially de-stabilising capital inflows. January 2011 saw new interventions to prevent currency appreciation and volatility from Brazil, South Korea and even from Chile – a country with a