Seeking Alpha

The real shoots higher as Central Bank of Brazil minutes indicate rates should continue to fall,...

The real shoots higher as Central Bank of Brazil minutes indicate rates should continue to fall, but will stabilize above historic lows. The bank surprised markets last week by slashing rates 75 basis points to 9.75%. Brazil ETF: EWZ +0.9% premarket. No action yet in the real ETF (BZF).
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