Goldman Sachs warns of extreme conditions: Brazilian market may see currency rise by 10% and stock market drop by 15%.

Goldman Sachs: Today, the Brazilian market may experience extreme events such as a 10% increase in the USD/BRL exchange rate, a 200 basis point rise in long-term government bond yields, a 30 to 40 basis point widening of credit spreads, and a 15% decline in the stock market. The circuit breaker mechanism in the Brazilian market may be triggered soon, after which trading will mainly be order-driven and subject to circuit breaker restrictions.