Forecasters Predict More Pain for the Real

Brazil’s real is headed for further declines in the next six months if you believe the currency’s three most accurate forecasters.

Brazil’s currency was the biggest loser among 16 major currencies tracked by Bloomberg in the first six months of the year, dropping 14 percent. The slide mostly reflected concern regarding the implementation of a stricter fiscal policy, its impact on the economy and the scandals involving the state-controlled oil producer.

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