Brasília – Brazil’s forex flow, the result between the inflow and outflow of dollars, ended August with a negative result of US$ 896 million, according to figures disclosed on Wednesday (5) by the Central Bank of Brazil (BC). This is the second time this takes place this year. In May, the negative balance was US$ 2.691 billion.
Last month, the financial sector (investment in papers, transfer of profits and dividends abroad and foreign direct investment, among others) presented a negative balance of US$ 222 million.
The trade flow (operations related to exports and imports) was also negative, at US$ 674 million.
From January to August, however, the forex flow is US$ 22.989 billion positive, as against US$ 59.813 billion in the same period last year. In the eight months of this year, the forex flow was US$ 3.929 billion positive and the trade flow, US$ 19.06 billion.
The BC informs that banks ended August acquiring dollars (which shows expectations of higher exchange rates) at US$ 1.881 billion. In June, they acquired US$ 2.679 billion.
*Translated by Mark Ament
