Brazil’s Current Account Gap Widens More Than Forecast in July

Brazil’s current account deficit widened more than economists forecast in July as recent currency gains weighed on the country’s trade balance.

The gap in the current account, the broadest measure of trade in goods and services, widened to $4.1 billion from $2.5 billion in June, the central bank said Tuesday. Economists surveyed by Bloomberg forecast a deficit of $3.8 billion.