Brazil’s Real Held Hostage by Reforms With Forecasters Split


The Brazilian real’s stuck in a rut, and only a drastic change in the outlook for government reform may be able to shake it loose, in either direction.

The currency hasn’t outstripped its 50- and 200-day moving averages for the past month as optimism over yet-to-be-enacted economic reforms has failed to spark a rally amid slumping commodity prices.

Read more

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: