Today the macros seem to be turning positively as trade resolve, if not actual resolutions, is capturing the attention of the markets. The major currencies are higher against the $. The Swissy and • are not. The Yuan is also lower but the remaining BRIC currencies are higher. USDMXN is 19.6579 -0.0557 (-0.2825%), USDCOP is unchanged at at 3393.20 and the Peso was strong yesterday. The Real was very strong and continued to rally after we closed. USDBRL ended at 4.0948 and the CME is valued at 4.0920.
Bond futures are lower, as are gold and silver, equities are higher, crude is around unchanged, as are sugar and cocoa and cotton is higher with grains.
The market is steady but remains cautious.
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