The bigger of the world currencies are lower against the $. The BRIC currencies are higher with the exception of the Real. It closed last night at 4.1677 and the CME shows a value of 4.1791. USDMXN is 20.1365 +0.0398 (+0.20%) and USDCOP is 3,473.05 +0.05 (+0.001%).
Bond futures are recovering from a drop. Equities are higher. Most metals including silver are higher but gold is below unchanged. Oil is higher, sugar is slightly higher and cocoa and cotton are lower.
There are 2 more sessions before the long weekend and the end of vacation season for most people. Hopefully this will bring both pre-weekend activity as well as post weekend new life for the market. For now the market is showing some weakness but in general it is holding from further drops. With the weak Real we have not seen a wave of selling. Some forward selling has been present, not yet today, but not enough to impact prices. Spreads are holding steady in both markets for now. DecMar is -3.50 bid.
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