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Posted by Tango
on August 29, 2019, 9:27 am
He OI shows an increase but it is difficult to make any assumptions from it. On face value, itís new buying and new selling. There is forward activity and itís likely commercial buying. Today the market is under a lot of pressure possibly in preparation of the long weekend. The Real whether weak or strong seems to be ignored. The number of bids lined up have dramatically increased from earlier, possibly delta required hedging.
USDBRL is 4.1704 +0.0027 (+0.06%) and USDCOP is 3,485.5601 +12.56 (+0.36%).