Brazil's Bolsonaro tests positive for COVID-19

Jul. 07, 2020 11:30 AM ETiShares MSCI Brazil Capped ETF (EWZ), BRZU, BZQ, UBREWZ, BRZU, BZQ, UBRBy: Liz Kiesche, SA News Editor232 Comments
  • Brazil President Jair Bolsonaro tests positive for the virus soon after the presidential palace said he was exhibiting symptoms for the disease.
  • On Monday the government confirmed to NBC News that he was feeling unwell and running a fever.
  • The Brazilian real pares its gain against the U.S. dollar. The BRL is up 0.4% vs. the greenback and had been up as much as 1.3%. iShares MSCI Brazil Capped ETF falls 0.9%.
  • Bolsonaro has in the past described the novel coronavirus as "a little flu."
  • Brazil is currently the second-hardest hit country in the number of confirmed COVID-19 cases of 1.62M and 65,487 deaths, according to the Johns Hopkins University Coronavirus Resource Center.
  • Bolsonaro is also reportedly taking hydroxychloroquine, a malaria drug that President Trump touts as a possible treatment for COVID-19, as well as azithromycin. So far, clinical trials have not backed up the drugs' effectiveness in treating or preventing the disease.

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