Reuters: US Dollar Report: Brazil posts May current account gap of $3.47 bln

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Brazil posts May current account gap of $3.47 bln Jun 22nd 2012, 13:37 BRASILIA, June 22 | Fri Jun 22, 2012 9:37am EDT BRASILIA, June 22 (Reuters) - Brazil posted a current account deficit of $3.468 billion in May, central bank data showed on Friday, in line with analysts' expectations. The country was expected to post a deficit of $3.4 billion, according to the median forecast of 12 analysts in a Reuters survey. The forecasts for the deficit ranged from $2.8 billion to $4.4 billion. Brazil's current account deficit in April was $5.4 billion, the central bank said last month.

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