Market News
Brazil currency seen flat in near-term, restrained by trade worries: Reuters poll
BUENOS AIRES, June 4 (Reuters) - Brazil's real currency is expected to trade relatively steady in coming months, restrained by concerns over a deterioration in the country's external accounts, a Reuters poll showed.
The real , is approaching the mid-year mark in better shape than expected at the start of 2025, with support from higher local interest rates and a weaker U.S. dollar globally.
But investor doubts over the ability of Latin America's largest economy to keep funding its current account gap have added recently to concerns about the fiscal deficit and how to fix it.
In 12 months, the local currency is forecast to change hands near its value on Tuesday of 5.64 per dollar, losing only 1.9% to 5.75, according to the median estimate of 27 foreign exchange analysts polled May 30
