VXEWZ Closes at 70.03 As Brazil Volatility Rises

At the close of a busy week, the CBOE Brazil ETF Volatility Index (VXEWZ) rose to a closing value of 70.03 today (Friday).

A recent story from Reuters noted that –
Brazil expects to see greater volatility in its economy when the United States begins hiking interest rates, Brazilian central bank chief Alexandre Tombini said on SaturdayBrazil has been preparing for an eventual rise in U.S. rates by amassing around $380 billion in currency reserves and maintaining a floating currency, Tombini said on the sidelines of the International Monetary Fund and World Bank fall meetings in Washington.”Note the recent price action for the VXEWZ and VXST indices in the charts below. Futures and options are available on the VXEWZ, VXST, VIX, and 5 other volatility indexes at CBOE www.cboe.com/volatility.

VXEWZ Oct 17 VXST Oct 17