One of the most derided exchange traded funds in these parts is the iShares MSCI Brazil Capped ETF (NYSE: EWZ). The largest Brazil ETF has given market participants of all stripes plenty to be critical off, but in the essence of fairness, it should be noted that EWZ has surged 10.3 percent in the past week.
That run could continue on Thursday following a Reuters report out late Wednesday that notes Brazil's Federal Accounts Court "ruled that Rousseff's government manipulated its accounts in 2014 to disguise a widening fiscal deficit as she campaigned for re-election."
As Reuters reported, that ruling is not legally binding, but it does pave the way for President Dilma Rousseff's many opponents to possibly move to impeach her. The impeach Rousseff theme has been highlighted here in recent weeks.
On August 17, Benzinga reported, "long bets on ...
/www.benzinga.com/trading-ideas/long-ideas/15/10/5896927/it-could-be-a-big-day-for-the-brazil-etf alt=It Could Be A Big Day For The Brazil ETF>Full story available on Benzinga.com
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