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Posted by Tango
on August 12, 2019, 9:30 am
The change in the OI reflects activity of expiration, the roll and outright liquidation. There isnít much to read from it. Todayís activity may be more revealing. The market continues to be weak but it is uncertain whether it is a continuation of long liquidation and commercial short covering. Forward buying is certainly present and may be the consumer sector. As a result, spreads are weakening. USDBRL is 4.0074 +0.0668 (+1.70%) and USDCOP is 3,449.4299 +56.43 (+1.66%).