Don't Be Fooled by Brazil Calm as Real Still Forecast to Slump
- Volatility drops most in world after jumping to four-year high
- Analysts see currency weakening to 4 per dollar by end of 2015
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Wall Street strategists are warning clients not to be fooled by the sudden calm that’s fallen upon the Brazilian real.
A measure of its volatility has fallen the most among the world’s major currencies in the past month after reaching a four-year high in September. Price swings are abating as calls for President Dilma Rousseff’s impeachment ebb, lessening concern about political chaos in Brazil.