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Posted by Tango
on August 14, 2019, 9:45 am
The Sep liquidation continues as outright, spreads and EFPs which are a substitute for actual ICE deliveries. New activity is taking place nevertheless in the form of outright buying and possibly Dec short selling. Today the market tested the 100.00 area but failed. After hitting large bids new lows for the day we’re made and prices are now recovering. USDBRL is 4.0063 +0.0417 (+1.05%) and USDCOP is 3,436.0701 +26.27 (+0.77%).
Equities are down as recession fears increase.