With the global economy in turmoil because of political problems in Greece, the dollar (USD) rose again against the Real (BRL) today, closing at above R$ 2.00 real for the first time in nearly three years. But for some analysts, however, this upward movement will only continue if the European problems get worse.
“The Real is behaving well considering what is happening out there. The market sees a high probability of Greece leaving the euro zone, but I’m not sure if we could a synchronized meltdown,” said the chief economist of BCG Liquidez, Alfredo Barbutti. “The R$2,00 threshold was crossed, so it’s a question mark if it is time to buy or sell.”