Top Forecaster Sees Brazil Currency Uproar Tamed by Temer Legacy
- ING’s Rangel sees currency ending year near current levels
- Still optimistic Temer’s reform plans would survive his ouster
A seller counts real bills at a street market in Botafogo in Rio de Janeiro, Brazil, Tuesday, May 13, 2015.
Photographer: Dado Galdieri/BloombergThis article is for subscribers only.
Never mind the chaos. Brazil’s real may end the year where it began.
The headwinds for the currency are obvious - it posted the fattest return among global currencies last year, and then reform-minded President Michel Temer landed in a political scandal last month that could result in his ouster.