The head of research group TAC suggests a sharp devaluation of the real is necessary and on the...

|By:, SA News Editor

The head of research group TAC suggests a sharp devaluation of the real is necessary and on the way. The strong real has made much of Brazilian industry non-competitive and the current account deficit is growing. Falling commodity prices and the end of the Fed's QE combined with lower Brazilian rates could be the final straw. Real ETF: BZF.