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MarketScreener Homepage  >  Currencies  >  Euro / Brazilian Real (EUR/BRL)       

EURO / BRAZILIAN REAL (EUR/BRL)

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Brazil September Current Account Surplus Narrowed From August to $2.3 Billion

10/23/2020 | 08:57am EST

By Jeffrey T. Lewis

SAO PAULO--Brazil recorded a current-account surplus of $2.3 billion in September from a surplus of $3.7 billion in August, the country's central bank said Friday.

The 12-month current-account deficit reached $20.7 billion in month, from $25.7 billion the month before, the bank said.

The 12-month current-account deficit was equal to 1.37% of gross domestic product, versus 1.66% of GDP in the previous month.

Net foreign direct investment reached $1.6 billion in September, up from $1.4 billion reported in August. FDI reached $50 billion for the 12 months through September, compared with $54.5 billion in the 12 months through August.

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com

(END) Dow Jones Newswires

10-23-20 0856ET

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