A tax related exchange rate issue in Brasil. Big deal.
The really big deal is a POG which is running away towards levels where it it will reflect the supply-demand situation. The manipulation scheme is exhausted as Cental Bank selling is met by Central Bank buying. What is left is a tremendous supply deficit, which for the next five years will increase in any case, in spite of the POG catching up.
There are already 36 mln shorts. They want in and you go short?