Inflows of net foreign currency totaled $318 million in February through this past Friday, according to the Banco Central do Brasil. On Thursday, the South American nation sold $197.7-million-worth of foreign exchange swaps, following its plan announced late last year.
"Foreign markets remain tense regarding emerging countries," Economist Silvio Campos Neto with Tendencias Consultoria Integrada in Sao Paulo told the news source on Thursday. "Caution should prevail in trades."
The Brazilian real minimally rose about 0.1 percent against the greenback on Thursday. During the past year, the real has dropped about 18 percent against the U.S. dollar as concerns spread about the U.S. Federal Reserve slashing monetary stimulus measures.
Private inflation data, the IGP-M general price index released by the Getulio Vargas Foundation, was lower than forecast as preoccupations relaxed about the reduced pace of economic growth and development in the South American nation, The Wall Street Journal reported on Wednesday.
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