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Posted by Tango
on November 19, 2019, 9:37 am
88% of the Dec volume was spreads but it was mostly close out and not roll, accounting partly for the large drop. It appears as well that short covering and long liquidationm which, has become the theme of any upward move. Still, the buying continues in spite of the weakness. It is inconsistent however and the 110.00 level may be a challenge for now. USDBRL is 4.2112 -0.0065 (-0.1541%) and USDCOP is 3,430.3401 -8.66 (-0.2518%). There are close to 200 TAS wanted.