iShares MSCI Brazil Index Fund (EWZ) -1.9%
Brazil-tracking ETFs are taking hits at the start of the week in negative territory, with EWZ tumbling to its lowest level since the start of February. This decline has pushed the fund to its 50-day moving average; in the days ahead, it will be interesting to see if this level proves to be one of support.
The Market Vectors Brazil Small Cap Index ETF (BRF) is testing previous March lows.
All prices as of 2:11 PM ESTWritten by Don Dion in Williamstown, Mass.