BRASIL: Analysts Says Government Will Keep The Real At 1.7/$USD.

BLOOMBERG/
Brasil will try to keep the world’s best-performing currency near 1.7 reais per dollar through year-end by stepping up measures to slow foreign investment, speculates RBC Capital Markets and BNP Paribas.
Investors are still “cautious” after the government imposed a 2 percent tax on foreigners’ stock and bond purchases on Oct. 19 to stem the capital flows that helped send the real to a 32 percent gain this year. The real has dropped 1.7 percent since then to 1.7477 per dollar.