The Central Bank says Brazil had a negative exchange rate flow of US$666 million in February up to the 21st.

SAO PAULO (Reuters) Brazil recorded a total negative exchange rate flow of US$666 million in February up to the 21st, a movement driven by the financial sector, the Central Bank reported on Wednesday.

The most recent data is preliminary and forms part of the statistics relating to contracted exchange rates.

Through the financial channel, there were net outflows of US$2,482 billion in February up to the 21st. This channel handles foreign direct and portfolio investments, profit remittances, and interest payments, among other operations.

Through the commercial channel, the balance for February up to the 21st was positive at US$1,816 billion.

SEMANA

Last week, from February 17th to 21st, the total exchange rate flow was positive at US$1,668 billion.

In the year to date through February 21, Brazil has recorded a total negative exchange rate flow of US$7,591 billion.