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Posted by Tango
on February 19, 2020, 9:32 am
High EFP posts and high spread volume cloud the outright changes. The May change may be closer to reality and it would indicate new vs old. However it is difficult to ascertain which side is new and which is old. If funds have reversed to selling the shorts were covering on the way down. More likely, longs liquidated yesterday while new longs were added. Today the market is featureless and not rendering any indication of trajectory. It is on the softer side. USDBRL is 4.3734 +0.0177 (+0.41%) and USDCOP is 3,402.70 +1.30 (+0.04%).