Monday, June 18, 2007

Brazilian Economists Raise Currency Appreciation Forecasts for 2007, 2008

(Bloomberg) -- Brazilian economists increased their
year-end currency forecast as rising commodities prices and
attractive local interest rates help sustain dollar inflows, a
central bank survey said.

Economists forecast the Brazilian real will trade at 1.93
per U.S. dollar by year-end from an estimate of 1.95 real per
dollar a week earlier, according to the median estimate of about
100 economists in a June 15 central bank survey published today.


Read more at Bloomberg Currencies News

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