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Brazil Posts US$3 Billion Foreign Exchange Inflow in May, First Surplus Since July 2019

RIO DE JANEIRO, BRAZIL - (Reuters) Brazil posted a net foreign exchange inflow of US$3.1 (R$15.2) billion in May, central bank figures showed on Wednesday, its first net inflow since July last year.

The figures showed a surplus of almost US$4 billion from trade-related FX contracts and an outflow of US$882 million from financial FX contracts, resulting in the biggest monthly inflow since February last year.

So far this year, however, Brazil has posted a net FX outflow of US$9.7 billion, compared to a US$3.2 billion net inflow in the . . .

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