Brazil Real Falls as Goldman Sachs Cites Fiscal Insolvency RiskBy
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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