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Brazil's Best Currency Forecasters Say Rally Will Reverse

by finance.yahoo.com posted 7months ago 41 views
After an almost 10 percent advance this month, the biggest among the world’s major currencies, the real is poised for a reversal after Brazilians vote Sunday to pick the next president, according to Commerzbank AG’s You-Na Park and RBC Capital Markets’s Tania Escobedo, the two analysts who topped Bloomberg’s accuracy rankings this year. With polls indicating an easy win for far-right lawmaker Jair Bolsonaro, both strategists say most of the optimism is already priced in by investors counting on him to restore the country’s finances with a series of fiscal measures.

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