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Posted by Tango
on September 24, 2019, 6:52 am
The market began at the level where it left off yesterday, steadied and eased only to rebound but remains in narrow range and quiet trading. Yesterday the market took off in an equally quiet environment as today. The buying likely came from a spec sector, possibly index as we saw in the COT. When the buying ceased, the usual pressure took over but the market met good buying at 99.00 and lower. The depth of market shows a well populated buy side and scattered forward buying as the market eases. We donít know what 8:00 will bring. Funds are suspected to be sellers.
The $ has been on either side of unchanged. It is now higher with all currencies mixed. USDMXN is 19.4209 -0.0471 (-0.2419%), USDCOP is unchanged at 3427.35 and closed at 4.1629 and showing a last trade of 4.1554.
I will be on the road intermittently from now on. Participation has been good. Please post more.