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Brazil may fire up tax artillery in 'currency war'
LONDON (Reuters) - Brazil threatened on Friday a further clampdown on speculative foreign capital, firing a warning shot in a "currency war" its finance minister blamed on money-printing by Western central banks.
Finance Minister Guido Mantega said Brazil would not allow its currency, the real, to strengthen as a result of aggressive monetary stimulus by the United States and other developed nations.
"If necessary ... we have (the option) of short-term capital taxes," he told reporters on the sidelines of an Economist conference in London.