Wednesday, August 1, 2012

Reuters: US Dollar Report: UPDATE 1-Brazil trade surplus rebounds in July on higher exports

Reuters: US Dollar Report
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UPDATE 1-Brazil trade surplus rebounds in July on higher exports
Aug 1st 2012, 18:40

Wed Aug 1, 2012 2:40pm EDT

BRASILIA Aug 1 (Reuters) - Brazil's trade surplus widened in July to $2.879 billion, as exports rose from the previous month, Trade Ministry data showed on Wednesday.

The result topped expectations of a $2 billion surplus, according to the median forecast of 15 analysts surveyed by Reuters. It also beat the $806 million surplus registered in June, but was below the $3.1 billion surplus of July of last year.

The European debt crisis and a slowdown in top commodity-consumer China has limited the demand for and prices of key Brazilian exports such as soy and iron ore this year.

Brazil's trade surplus between January and July fell 38 percent compared to the same period a year ago.

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