Brazil Gets US$ 2 Billion Forex Surplus and Slows Down Dollar Buys

Brazil and US currencyBrazil’s foreign exchange surplus (Forex), i.e. the sum of dollar inflow and outflow into Brazil, a.k.a. foreign exchange surplus, was positive by US$ 1.917 billion in the first week of February, according to data disclosed by the Brazilian Central Bank.

In the same period of 2009, with five business days, the surplus was lower: US$ 345 million.

The result is mostly due to investment in bonds and in fixed income, and remittances of profits and dividends to foreign countries, which had a combined surplus of US$ 1.517 billion during the period. As for exports, imports and foreign trade financing, the surplus was US$ 400 million.

From January to February 5 this year, the foreign exchange surplus was US$ 2.991 billion, as against a US$ 2,673 billion deficit in the same period of 2009.

During the period, bonds and fixed income investment and remittances recorded a surplus of US$ 2.731 billion, and exports, imports and financing recorded a US$ 260 million surplus.

The data also show that the Central Bank has slowed down the rate of purchase of dollars in the spot market. In the first week of February, US$ 54 million were purchased. In January this year, the result was US$ 1.709 billion.

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Your email address will not be published.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

Brazil’s Varig: What an Airline Shouldn’t Be

In nearly eight decades of operation in the country, Brazilian civil aviation has been ...

Wilderness and Warmth

The boy brings the beverage, the glasses and soon after, in a little plate, ...

Wages and Jobs Are Up in the Brazilian Industry

The actual payroll of industry workers in Brazil has increased by 1.3% in July ...

Lula’s Credit Rating Downgraded

In the next few weeks, we should see whether Lula’s government has the political ...

High Taxes and Interest Slow Brazil Industry Output

Industrial production in Brazil grew in the final quarter of 2004 (October-December), but at ...

After Husband and 3 Children Are Killed Brazil Female Chief Leads Re-occupation of Land

Guarani Indians in Mato Grosso do Sul state, Brazil, have carried out a courageous ...

Paraguayan President Asks Fairness from Brazil and Gets a Study Group

The new President of Paraguay, Fernando Lugo, visited Brazil this Wednesday, September 17, with ...

Brazil Again Threatens to Break Patents of 4 AIDS Drugs

Brazil intends to break the patents of four anti-retroviral medications, if American laboratories are ...

Ex-Union Activist and New Brazil’s Labor Minister Promises Higher Minimum Wage

One of the objectives of the new Minister of Labor and Employment, LuÀ­s Marinho, ...

In Brazil Big Banks Are the Most Valuable Brands

According to a survey by Interbrand, one of the world's largest global branding consultancies, ...