Brazil’s Real Advances to One-Week High as Budget Concern Eases

PAULA SAMBO AND FILIPE PACHECO, BLOOMBERG BUSINESS – 7/14/2015

Brazil’s real rose to a one-week high as comments from Budget Minister Nelson Barbosa eased concern that the administration is wavering in its commitment to pare deficits and preserve the nation’s credit rating.

real

Barbosa told reporters that it’s still feasible for Brazil to meet its 2015 budget goals. The real dropped earlier Monday after Brazilian newspapers Estado and Folha de S. Paulo reported that President Dilma Rousseff would discuss a reduction in the fiscal target at a meeting.

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