The Real is recovering from yesterday’s late weakness. USDBRL which closed at 3.8469 is last valued at 3.8373 on the CME. USDCOP is 3,188.3999 +2.55 (+0.08%). Major currencies are mixed and rendering a higher DX but the BRIC currencies are all higher as tariffs have been suspended/postponed as we approach G20. USDMXN is 19.1822 -0.0373 (-0.1941%).
Bond futures are lower after yesterday’s Fed comment. Gold is lower and correcting from its dramatic rally. Copper and equities are higher while crude is lower. Grains are lower. Cocoa and cotton are higher while sugar remains unchanged.
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