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Posted by Tango
on December 2, 2019, 9:34 am
The KC OI is difficult. EFPs are new business and stretch out across the board. Outright selling took place in the forwards and is continuing today. RC shows new buying and selling. Obviously, there are active traders in every sector and on both sides. This includes sellers who may be still skeptic about the marketís trajectory. For now they seem to be contributing to eventual strength. The market gets hit on strength for sure but it seems to be resilient as buyers are consistent. Spreads continue to be steady as forward selling continues although the main factor seems to be outright spread buying. Yet, as high as the spread implied volatility is, puts on spreads are still highly desired, possibly by trade.
USDBRL is 4.223 -0.0134 (-0.3163%) and USDCOP is 3,514.4099 -1.09 (-0.031%).