Brazil had a current account surplus of $1.397 billion in March, well above the market forecast for stability. The country attracted $7.1 billion in foreign direct investment in March, in line with forecasts in a Reuters poll.

In March, Brazil posted a record trade surplus for that month of $7.1 billion despite a small drop in beef exports after a corruption scandal over spoiled meat.

A sharp drop in imports after two years of recession, as well an increase in exports pushed by a weaker real, have bolstered the country's trade surplus, which the central bank expects to reach $51 billion this year.

The country's current account, however, continues in negative territory.

The deficit in the 12 months through March equaled to 1.10 percent of gross domestic product.