China and Brazil agreed to trade in their own currencies, discarding the U.S. dollar as a go-between, the Brazilian government announced on Wednesday
China and Brazil have reportedly reached a deal to trade in their own currencies, ditching the US dollar as an intermediary, as part of the rising global use of the Chinese renminbi. The deal will enable China and Brazil to conduct their massive trade and financial transactions directly, exchanging renminbi for reais and vice versa …
