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Posted by Tango
on January 30, 2020, 9:37 am
On the surface, the market shows new buying and new selling. March however is closer to reality as it is close to flat. It shows liquidation, likely fund selling, and new business, likely commercial and others buying. It even March is subject to increased spread activity. Today, the market again recovered from the 102-101 level as it attracted buying. Still, the recovery up to 103.50 was met with selling. In spite of the Real weakness, forward selling has not come in. USDBRL is 4.2422 +0.0119 (+0.28%) and USDCOP is 3,407.98 +22.98 (+0.68%).