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Brazil's Best Currency Forecasters Say Rally Will Reverse

  • Commerzbank and RBC see real weakening by the end of year
  • Bolsonaro win is priced in and governability to be a focus
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Brazil’s top two currency forecasters say the real’s gains will soon come to an end.

After an almost 10 percent advance this month, the biggest among the world’s major currencies, the real is poised for a reversal after Brazilians vote Sunday to pick the next president, according to Commerzbank AG’s You-Na Park and RBC Capital Markets’s Tania Escobedo, the two analysts who topped Bloomberg’s accuracy rankings this year.