Brazil Real Falls With Bonds as SocGen Sees Drop to 4 per Dollar

Updated on

Brazil’s real declined to a 12-year low after Societe Generale SA said the currency will tumble to 4 per dollar as the government’s struggle to pare deficits makes further credit downgrades unavoidable. A drop in local bonds pushed yields to the highest level since March.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.