Leaders revive an idea aimed at reducing reliance on the U.S. dollar
SÃO PAULO—Brazil and Argentina have started preliminary talks to create a common currency, as their leftist leaders revive a proposal that economists and central bankers have long criticized.
Brazil’s President Luiz Inácio Lula da Silva wants to boost trade with Argentina, his country’s third-largest trading partner, while improving economic cooperation, he said in a joint op-ed with his Argentine counterpart.
American Dollar Exchange Rate
