Tuesday, April 24, 2012

Reuters: US Dollar Report: Brazil posts March current account gap of $3.3 bln

Reuters: US Dollar Report
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Brazil posts March current account gap of $3.3 bln
Apr 24th 2012, 13:34

Tue Apr 24, 2012 9:34am EDT

BRASÍLIA, April 24 (Reuters) - Brazil posted a current account deficit of $3.320 billion in March, central bank data showed on Tuesday, smaller than analysts' e xp ectations.

The country had been expected to post a deficit of $4.2 billion, according to the median forecast of 13 analysts in a Reuters survey. The forecasts for the deficit ranged from $2.8 billion to $4.5 billion. Brazil's current account deficit in February was $1.76 billion, the central bank said last month.

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