Given the extent of its rally over the past couple of months it’s difficult to make the case that the Brazilian real will now strengthen much further from here. But by the same token, we think there is a reasonable chance that the currency will hold on to its recent gains and are revising our end-16 forecast to 3.25/$ and our end-17 forecast to 3.00/$. Both are stronger than the consensus currently expects.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services