Goldman: Real Can Strengthen More After 1 Turn and Dollar Can Reach R$ 4.50
5 Articles
5 Articles
The commercial dollar opened up the momentum of Monday, falling by more than 4% and, with this, drilling the barrier of R$ 5 in the open market. The surprising result of yesterday's first round of presidential elections, which showed Senator Flávio Bolsonaro (PL-RJ) ahead of President Luiz Inácio Lula da Silva (PT) for just under two percentage points, fuels the expectation of a change in economic policy and generates an aggressive relief of ris…
The Brazilian real was 4.5% against the dollar in the first operations of this Monday.
Illustrative image Photo: PexelsGoldman sees dollar between R$ 4.50 and R$ 4.80 after 1st turn with space for stronger real
To assess how far the appreciation of the Brazilian currency could go, Goldman also looks at the 2018 election
The victory of Flávio Bolsonaro (PL) on Sunday (4), in the first round of the presidential elections against Luiz Inácio Lula da Silva (PT), caused Goldman Sachs to project the Brazilian real in the range between 4.50 to 4.80 per US dollar. According to Goldman Sachs, the rating of 4.80 would be consistent with the total compression [...]
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