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LatinNews Daily - 28 June 2021

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In brief: Brazil registers trade surplus in May

* Brazil’s central bank (BCB) has announced that the country registered a balance of payments (BOP) surplus of US$3.8bn in May, compared to a BOP deficit of US$519m in the same month last year. Year-on-year, the trade balance increased by US$5bn, with exports totalling US$27.2bn last month (up 54.4%), and imports totalling US$19bn (31.9%). Meanwhile, direct investment flows totalled US$1.2bn in May 2021, compared with US$3.1bn in May 2020. The BCB reported that as of May Brazil’s foreign currency reserves stood at US$353.4bn – an increase of US$2.5bn compared with the previous month.