Brazil Starts Changing Direction with a Greater Dollar Influx

Dollar influx Brazil started the month registering greater inflow than outflow of dollars. According to figures disclosed this May 13 by the Brazilian Central Bank, the currency flow was US$ 1.162 billion positive in the month, up to Friday, May 8.

This value is the result of a balance of US$ 108 million in the trade flow and US$ 1.054 billion in the financial flow. The trade flow measures not just the trade balance (exports minus imports), but the financing of foreign trade through Advances on Exchange Contracts (ACC) and anticipated payments.

The financial flow measures the entrance and exit of funds through the purchase and sale of shares, papers, foreign investment and transfer of profits and dividends abroad.

This balance, however, is sensitive to stock market oscillation, rapidly reflecting changes in perception of foreign investors and improvement of the financial market, like the bull markets over the last few days.

The exchange flow is the greatest registered since the first week of May last year. According to the Central Bank, the trade balance result had been US$ 835 million in the first five working days of May 2008.

Despite the improvement, the trade flow continues negative in the accumulated result due to the outflow of funds resultant from the international financial crisis.

From January to the first week of May, the negative balance was US$ 382 million. In the same period in 2008, the result had been US$ 16.4 billion.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Wild Paraná

Together with two other policemen, Ofrênio went to the place and confirmed the fact: ...

Despite Lula’s Pressure Brazil Congress Drags Feet on Venezuela Affair

Brazilian President, Luiz Inácio Lula da Silva, is hopeful and "confident" Venezuela will finally ...

At Eve of Brazilian Elections Lula’s Aide Resigns Charged with Dirty Campaigning

A special advisor to Brazilian President Luiz Inácio Lula da Silva has resigned his ...

At OAS Bush Calls for Free Trade and Brazil for End to Subsidies

U.S. President George W. Bush told the 35th OAS General Assembly underway in Fort ...

Lula and Ortega Discuss Honduras. They Still Don’t Recognize Lobo as President

The presidents of Brazil and Nicaragua, Luiz Inácio Lula da Silva and Daniel Ortega, ...

US Tour Operator Sued for Selling Sex with Minor Indian Girls in the Brazilian Amazon

Four Brazilian Indian women, allegedly sex trafficked as minors by an American fishing tour ...

Brazil Wants US Help Against Money-Laundering

One of the purposes of a meeting held February 16, in BrasÀ­lia, by Federal ...

Brazil: Bahia’s Elite Preventing Indians from Getting Land

The torture case of five Brazilian Tupinambá Indians in the state of Bahia, in ...

Brazil Tiles and Stones Find Place in the World

The 3rd Revestir, International Tiles and Stones Trade Fair, will gather 130 companies and ...

Malaria and Tuberculosis Are Killing Indian Kids in Brazil

Two children from the Pirahã people died during the first days of January and ...