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Posted by Tango
on November 29, 2019, 8:39 am
The OI chows large increase indicating new buying and new selling. Part of this increase is in the March EFP posting, the significance of which is uncertain. There is EFP, EFS and direct forward activity across the board indicating a good deal of actuals interest. Today it appears that there is origin forward selling, to a small degree, as spreads are tightening. Otherwise, 8:00 brought in immediate buying but is now dipping to 117.40. The market is having a little problem staying above 118.00 for now but activity seems to be very limited. USDBRL is 4.2196 +0.0296 (+0.71%) and USDCOP is 3,514.8401 +3.84 (+0.11%).