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Brazil real to strengthen “much more”, says economy minister

RIO DE JANEIRO, BRAZIL - Brazil's real is now at a more "favorable" level and is likely to strengthen much further, Economy Minister Paulo Guedes said on Wednesday, June 23, the day the currency hit a one-year high of R$4.9386 per dollar.

In an online event hosted by the São Paulo Federation of Industries, Guedes said a "consistent and coherent" policy mix will push the dollar further below R$5.00 and help keep the long end of the interest rate curve under control.

"The exchange rate now is much more favorable ... but the equilibrium (dollar . . .

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