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Brazil $1.59B Forex Inflow in Early May

Brazil recorded a net foreign exchange inflow of $1.59 billion in early May, driven by trade flows of $4.1 billion. Central bank data shows investment outflow of $2.5 billion.

Daniel Rodriguez
ByDaniel Rodriguez- Senior Editor
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Brazil posted a net foreign exchange inflow of $1.59 billion in the first half of May, according to central bank data released Wednesday.

The inflow was driven by trade flows, which brought $4.1 billion into the country during May 1-15. Investment flows recorded a $2.5 billion outflow in the same period.

On a weekly basis, net forex inflow was $3.03 billion, the bank said.

The central bank published the currency flow data on its website.

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