Currency ETFs and the U.S. dollar: BZF hit new all-time high

With yet another upgrade on Brazil yesterday, the BZF ETF has reached a new  all-time high.

Please note that BZF issued a distribution of $3.22 in December.

We track all currency ETFs here.

It is only a matter of time before the Brazilian central bank intervenes, although today they were saying that it's better to have a string currency and a strong influx of dollars than the opposite.

All those U.S. dollars are indeed flowing into Brazil.