Year-to-date, the WisdomTree Brazilian Real ETF (NYSEArca: BZF), which follows real currency movements against the dollar, is off more than 18%.
“The Central Bank of Brazil increased its key interest rate by 50bps to 14.25 percent on July 29th, the highest level since October 2006. It was the seventh consecutive hike as the country struggles to deal with the persistent rise in consumer prices,” according to Trading Economics.
At least four Brazil ETFs, including EWZ, hit new 52-week lows on Wednesday.
iShares MSCI Brazil Capped ETF
