By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The volatility seen in financial markets this past week due to the upcoming United States Presidential elections on Tuesday, November 8th, is expected to continue until a winner of the highest position in U.S. government is announced. The forecast for the foreign exchange rate in Brazil at the end of the year, however, has not changed.
Financial institutions surveyed for the Central Bank’s Focus Survey calling for the rate to close at R$3.20/US$1 at the end of this year and R$3.39/US . . .
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