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Posted by Tango
on February 6, 2019, 9:22 am
72% of the total volume was spreads but March registered 57%. We can assume that a combination of rolling into forward months and fund short covering offsets long liquidation. It appears that the market is experiencing good buying but insufficient for the continuous liquidation. In any even the market needs to deviate from the 105.00 strike one way or the otherto attract additional participation. USDBRL is 3.7070 +.0375 +1.02% but the weak Real is Beijing ignored by traders, certainly by funds. USDCOP is 3110..01 +3.02. 105.00 last.