Brazil Real Falls as Goldman Sachs Cites Fiscal Insolvency Risk

Updated on
  • Goldman Sachs expects real to drop to 4.4 per dollar this year
  • Annual inflation rate unexpectedly accelerates to 10.84%

Brazil’s real weakened after inflation surprisingly accelerated and as Goldman Sachs said the currency is poised to drop another 11 percent this year while the government struggles to contain consumer-price increases and shore up its budget.

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