Brazil posted a trade surplus of $2.365 billion in June, the highest result this year, government data showed. Still the hefty surplus was not enough to revert an accumulated trade deficit of $2.490 billion this year. The median forecast of 14 analysts surveyed by Reuters was of a surplus of $2.85 billion in June. The country posted a surplus of $712 million in May. The surplus was the highest since the $2.652 billion recorded in December of 2013. Brazil's trade balance has been hit hard by rising fuel imports and a drop in the price of some key exports such as iron ore. A drop in exports to neighboring Argentina has also shrank Brazil's trade surplus over the last year. (Reuters)