Today, although the $ index is around unchanged, major key currencies are lower. BRIC currencies are all higher however. USDMXN is 19.6592 -0.0775 (-0.3927%), USDCOP is unchanged at 3374.50 and USDBRL which closed at 4.1071 is indicated at 4.1012 on the CME.
Markets are still optimistic about trade agreements. Bond futures are lower, equities higher, metals lower, oil lower. The softs are around unchanged with cotton slightly lower.
It is Friday but I donít see a big rush out the door. Commercials yesterday turned from sellers to buyers and will continue to counter moves either way. Presently the depth of market is neutral. Oct options expiration is in a week. Funds appear to be sellers but this is contrary to the last COT report. Hope youíre right dirt on your analysis.