Brazil’s failure to meet the government’s fiscal goal, a contracting economy and President Dilma Rousseff’s sinking popularity are making forecasters of the nation’s currency the most pessimistic in a month.
The drop in the real took it to a level weaker than the year-end median outlook of analysts surveyed by Bloomberg after Finance Minister Joaquim Levy asked lawmakers last week to reduce the budget surplus target. The move triggered speculation that Brazil’s investment-grade credit rating will be cut as Latin America’s largest economy heads for its worst recession in a quarter-century.
Brazil Energy Insight 
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