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Posted by Tango
on June 11, 2019, 9:24 am
There was rolling from July to forwards by shorts accompanied by outright liquidation of spreads together with outright short covering and long liquidation. There is little forward activity with lower prices and a steady Real. Today the market remains steady as short covering is still present. USDBRL is 3.8689 -0.0185 (-0.4759%) and USDCOP is 3,246.75 -8.89 (-0.2731%).