Brazilian Real ETF Strengthens as Central Bank Fights Inflation
Posted on December 27, 2012 at 09:58 AM EST
In an attempt to control inflation in its growing economy, Brazil’s central bank has intervened in the currency market, strengthening the Brazilian real and related currency exchange traded fund. WisdomTree Dreyfus Brazilian Real Fund (NYSEArca: BZF) gained 1.4% Wednesday but is in the red...