Macroeconomic Forecast Brazil

November 2007 | Macroeconomic Forecasts

BMI View: The Brazilian real has started to feel the brunt of heightened global volatility. With risk aversion hitting home and investors looking to reduce their exposure in high-yielding assets, the warning signals for a BRL correction have become increasingly visible. Against this backdrop of reduced risk appetite, together with the possibility of a dollar bounce, our bullish view on LatAm FX in general (particularly with regards to high yielders such as the real) has been put on hold for the time being.

If you would like to subscribe to Brazil Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Brazil Monitor please click on the trial link below.