Brazil ETFs Test Short-Term Resistance Despite Political Risks
This article was originally published on ETFTrends.com.
Brazil country-specific exchange traded funds were testing their short-term resistance as the markets strengthened, despite calls of concern amid rising political risk ahead of the October presidential elections. The iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) rose 2.3% Friday and was testing its short-term resistance at the 50-day simple moving average. EWZ jumped 7.3% over [...]