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The Government also managed to support the currency, the real, whose value is linked to the dollar.
But since much of Brazil's domestic debt is linked to the dollar or interest rates, its cost has also risen.
As major exporters to the United States, these Asian countries worry about losing their competitive advantage, especially to China, whose currency is linked to the dollar.
Around 60 billion reais ($37.5 billion) of this is linked to the dollar, and so is made more costly by devaluation.
Yet the combination of Europe's high wages and strong currency means that some of Airbus's production will have to move into countries where the currency is linked to the dollar.
Coupled with news only days earlier that China's world trade surplus tripled last year, to $102 billion, the country's burgeoning foreign exchange reserves seemed certain to intensify demands that China increase the value of its currency, the yuan, the worth of which is linked to the dollar.
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That is a problem for sellers like Miguez because the price of her materials is linked to the dollar.Unemployment was at 9% in the third quarter of 2018, according to the country's national statistics and census institute.
Saudi Arabia has responded by saying a basket was one option, putting the dollar's regional status in question, although Gulf countries have long said that a single currency was expected to be linked to the dollar.
One late fall day, we met for lunch on Capitol Hill and, after he explained why gold reserves should again be linked to the dollar, I asked him why the dollar had to be backed by gold.
Because nearly half of Brazil's internal obligations are linked to the dollar, the country's overall debt burden has risen sharply during that time, to more than $250 billion.
Heinz Krogner, chief executive for Europe at Esprit Holdings (which is based in Hong Kong), said his company would save money on clothing bought in Asia, where several currencies' values are linked to the dollar.
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