Reuters: US Dollar Report: UPDATE 1-Brazil's trade surplus shrinks vs year ago on weak economy

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UPDATE 1-Brazil's trade surplus shrinks vs year ago on weak economy Sep 3rd 2012, 18:48 Mon Sep 3, 2012 2:48pm EDT RIO DE JANEIRO, Sept 3 (Reuters) - Brazil posted a trade surplus of $3.227 billion in August, the Trade Ministry said on Monday, shrinking from the same month last year as the weak economy hit trade flows. Still, the result was above the $2.9 billion figure posted in July and topped analysts' median forecast for a $3 billion surplus. In the first eight months of the year, Brazil's trade surplus fell 34.1 percent compared with the same period last year. Brazil had a trade surplus of $3.893 billion in August of 2011. A slow recovery of activity at home and economic woes abroad have curbed Brazilian exports, as well as imports into the world's No. 6 economy.

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