Brazil’s currency will enjoy some support from faster economic growth and progress on reforms, a “Reuters” poll showed.
Last month, the Brazilian real reached its most stable level in a year after many expectations improved as major fiscal changes proposed by the government of President Luiz Inacio Lula da Silva made progress in Congress.
The Brazilian real is expected to rise 0.6% in three months to 4.81 per US dollar from 4.84, according to the median estimate of 26 foreign exchange analysts.
Within 12 months, the Brazilian real is expected to lose 3.2% to 5.00 per US dollar, but that would be a relatively small decline for the Brazilian currency, according to Reuters.
