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EWZS - Signs Of Bullish Life In The Brazilian Real
iShares MSCI Brazil Small-Cap ETF
The currency relationship between the Brazilian real and the US dollar traded to a high at $0.65095 in 2011, a year when raw material prices reached peaks. Since then, corruption and economic weakness in the South American nation took the real-dollar exchange rate to a low at $0.23040 in late 2015 when commodities price were at multiyear lows.
The value of the Brazilian currency staged a comeback, reaching $0.33 against the dollar in February 2017, but it failed and fell to a slightly higher low at $0.23625 in September 2018. On Thursday, July 18, it