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Posted by Tango
on November 1, 2019, 9:42 am
The OI is again near unchanged indicating both new business and liquidation, likely short covering by funds and new selling by mostly trade. There is some rolling of Dec into Mar. today the market was stand-offish for quite some time and final began to move higher as the OI was released. The sell side is well populated as we approach 103.00. There are large bids showing that could be bogus. USDBRL is 3.9764 -0.041 (-1.0206%) and USDCOP is 3,346.3201 -30.68 (-0.9085%).