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25 November 2009

BRASIL: The Real "Most Overvalued" Currency Says Goldman.

BLOOMBERG/
Brasil's real has gained 34 percent this year, making it the second-best gainer in the world after the Seychelles rupee. “After some initial success with capital controls, real appreciation appears to be on the rise again,” says a Goldman analyst. Goldman, Sachs says “wall of money” coming into Brasil may overwhelm government efforts to curb its rally.
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