Goldman Says Real, Lira, Rand Must Weaken to Close Trade Deficit – Bloomberg 06-21-13

On June 21, 2013   /   Bond Market, Brazil Real, Chile Peso, Goldman Sachs, Rupee, South African Rand, Turkish Lira  

Salient to Investors: Themistoklis Fiotakis at Goldman Sachs said to curtail widening current account deficits, the Turkish lira, South African rand and Indian rupee would need to depreciate 30 percent on a trade-weighted basis, while the Brazil real and Chile peso need to fall 20 percent. Fiotakis said the EM bond

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