Brazil finance minister warns of trade war: report (by Greg Morcroft)
NEW YORK (MarketWatch) -- Brazilian Finance Minister Guido Mantega said on Sunday that the world's top economies are in a currency war that is headed toward a full on trade war and said that his nation would raise the issue of currency manipulation with global authorities. "This is a currency war that is turning into a trade war," Mantega told the Financial Times in an interview that was published Sunday. Last week, Brazil intervened in the markets to restrain short selling of dollar against the real. "You can expect more measures on the futures market," he told the paper.