Reuters: US Dollar Report: UPDATE 1-Brazil current account deficit narrows in Feb

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Brazil current account deficit narrows in Feb Mar 23rd 2012, 13:58 Fri Mar 23, 2012 9:58am EDT BRASILIA, March 23 (Reuters) - Brazil posted a current account deficit of $1.766 billion in February, much narrower than the gap it registered in January, central bank data showed on Friday. The country had been expected to post a deficit of $2.5 billion, according to the median forecast of 14 analysts in a Reuters survey. The forecasts for the deficit ranged from $500 million to $3.3 billion. Brazil's current account deficit in January was $7.08 billion, the central bank said last month. Brazil's central bank also revised up its forecast for 2012's current account deficit to $68 billion from $65 billion. The current account, which is part of the balance of payments, is the broadest measure of a country's foreign transactions. It indicates how reliant an economy is on financing from foreign capital. Foreign direct investment, which falls into the capital account of the balance of payments, was $3.648 billion in February, the central bank said. Brazil attracted $5.433 billion in FDI in January, the bank reported last month.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions