US dollar outflows exceeded inflows in Brazil by USD 1.6 billion last month, according to the Central Bank.
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The estimate of the Brazilian economy growth this year was reduced for the eighth time in a row.
Brazilian monetary authority will sell USD 3 billion from Brazilian international reserves. Goal is to restrain dollar hike.
With the dollar appreciation, Brazilian expenses in international travels dropped by 7.33% in February, down to USD 1.3 billion.