Brazil's currency will fall to a new low of 4.50 per dollar this year, Capi...
FILE PHOTO - Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro, Brazil, in this September 10, 2015 photo illustration. REUTERS/Ricardo Moraes
One of the most gloomy outlooks to date for the real, it assumes renewed selling pressure will knock away any support the currency gets from the central bank’s intervention in the swaps market this week. “In the short term, the real could recover much more lost ground if fears about the coronavirus ease and commodity prices rise. But we think the currency will, ultimately, weaken over the rest of the year,” he said.
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