RIO DE JANEIRO, BRAZIL - Brazil’s balance of payments position with the world improved again in May, Central Bank figures showed on Friday, June 25, as the second consecutive monthly current account surplus shrank the rolling 12-month deficit to its smallest in more than 13 years.
Latin America’s largest economy also attracted a combined US$7.2 billion of foreign direct investment and portfolio inflows into its domestic stock and bond markets in the month, the figures showed.
The narrowing current account deficit and consistent capital inflows recently have helped propel a rapid rise in the exchange rate . . .
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