Market News
Brazil's real seen more stable; to trade close to 6 per U.S. dollar at end-2025: Reuters poll
BUENOS AIRES, Jan 9 (Reuters) - Brazil's real currency is forecast to trade slightly stronger, at around 6 per U.S. dollar at the end of 2025 following a punishing year of losses, a Reuters poll of foreign exchange analysts showed.
The real , fell around 22% in 2024, mainly due to investor disappointment about a fiscal package introduced by President Luiz Inacio Lula da Silva's economic team to correct worrying debt trends.
Losses in Brazilian assets only stopped after Brazil's central bank sold nearly 10% of its reserves throughout the last three weeks of 2024. The real has now stabilized following last month's meltdown to a record low.
But like many other emerging market currencies, there is little prospect for making much positive headway this year so long as the U.S. retains its dominance in currency market bets.
The currency is expected to trade at 5.94 per dollar in one year, 2.7% stronger than its closing value of 6.10 on Tuesday, according to the median estimate of 25 analysts polled Jan. 3-8.
"Pressure on the real was exacerbated by the market's negative perception of progress of the government's spending cut package in Congress," analysts at Sicredi wrote in a report.
