Inflation at almost 6% is hampering Latin America’s largest economy and questions continue to linger regarding Brazil’s preparation efforts for hosting the World Cup, which kicks off in June.
Brazil aid its current account deficit grew to $8.7 billion in December from $5.1 billion in November. Economists expected a deficit of $6.8 billion. Brazil’s current account deficit is the result of a tumbling real, which the country’s central bank has proven impotent in defending despite a plethora of interest rate hikes. [Brazil ETFs Trying to Break Declines]
Inverse Brazil ETF options include the ProShares UltraShort MSCI Brazil Capped (NYSEArca: BZQ) and the Direxion Daily Brazil 3x Bear Shares (NYSEArca: BRZS).
iShares MSCI Brazil Capped ETF
ETF Trends editorial team contributed to this post.