Brasília – This Wednesday (7th), the Brazilian Central Bank informed that in October, the outflow of dollars from the country exceeded the inflow by US$ 3.823 billion. This is the third consecutive month of foreign exchange deficit. In September, the deficit stood at US$ 534 million. In October last year, the deficit was US$ 134 million.
Last month, there was also a trade deficit (imports outstripping exports) of US$ 2.285 billion, and a finance deficit (investment in bonds, remittances of profits and dividends to foreign countries, and foreign direct investment, among other operations, at US$ 1.537 billion.
On the first day of November, the foreign exchange flow showed a US$ 356 million deficit. The trade balance had a US$ 86 million surplus, and financial operations had a US$ 442 million deficit.
Year-to-date as of November 1st, the forex flow ran a US$ 18.277 billion surplus, including surpluses in financial operations (US$ 3.155 billion) and trade (US$ 15.122 billion).
Central Bank figures also show that banks closed October at a short position (indicating that the dollar-to-real exchange rate is expected to decline) by US$ 3.658 billion.
*Translated by Gabriel Pomerancblum
