BRASIL: Real Is Still Undervalued By 7.2% Vs USD Says BofA.

BLOOMBERG/
The Bank of America says that Brasil’s real, the best-performing major currency this year, is still undervalued by 7.2% versus the dollar based on the nation’s rising exports and higher savings.
It says that emerging-market currencies are “broadly undervalued” against the dollar, with Latin America the most undervalued region in the world.