Key insights
- Brazil saw a $1.59 billion net foreign exchange inflow in early May, driven by trade flows but offset partially by investment outflows. While positive for the Brazilian Real, the impact on US equities is slightly negative, reflecting potential capital shifts away from US markets towards emerging markets, though the effect is limited.
Investing.com -- Brazil posted a net foreign exchange inflow of $1.59 billion during the first half of May, according to data released by the country’s central bank on Wednesday.
The inflow was driven by trade flows, which recorded $4.1 billion entering the country during the May 1-15 period. Investment flows showed a $2.5 billion outflow during the same timeframe.
On a weekly basis, Brazil registered a net foreign exchange inflow of $3.03 billion, the central bank data showed.
The central bank published the currency flows data on its website.
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