Brazil Analysts Forecast Stronger Real

Brazil economists forecast a stronger currency in 2016 and 2017 for the second straight week as the government seeks to shore up fiscal accounts and rebuild confidence.

The country’s real will reach 3.55 per U.S. dollar at the end of 2017, compared to the previous week’s forecast of 3.70 and 3.81 a month ago, according to a July 8 central bank survey of about 100 analysts. Analysts also see the real at 3.40 per U.S. dollar at the end of this year, from 3.46 the prior week, the survey showed.

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