Reuters: US Dollar Report: Brazil central bank sees c/a gap, FDI shrinking in August

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Brazil central bank sees c/a gap, FDI shrinking in August Aug 23rd 2012, 14:34 BRASILIA | Thu Aug 23, 2012 10:34am EDT BRASILIA Aug 23 (Reuters) - Brazil's current account deficit and foreign direct investment are likely to shrink in August, a central bank senior official said on Thursday. Using preliminary data the bank's head of economic research Tulio Maciel said he expects a current account gap of $2.1 billion in August. That deficit would be fully covered by an expected $4 billion in foreign direct investment that month, he added. Brazil posted a current account deficit of $3.766 billion in July. Foreign direct investment jumped to $8.421 billion that month.

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