The Brazil ETF (EWZ) weakens 0.8% out of the gate after the central bank moves to weaken the...

|By:, SA News Editor

The Brazil ETF (EWZ) weakens 0.8% out of the gate after the central bank moves to weaken the real by setting an auction of up to 30K reverse FX swap contracts. The action may ultimately juice stocks, but the EWZ is not currency hedged. Real ETF: BZF -0.5%.