Just released headline blast from FT:
“Brazil cuts growth estimates amid coronavirus fears
Anaemic forecast poses challenge for Jair Bolsonaro and his economy minister.”
Today the focus is on the make or break 120.00 level. Since 8:00, buying has been consistent but it hasn’t abated the selling. Forward selling is also present. To me traders are assessing the reasons for the strength which should be a point of discussion in the forum. USDBRL is 4.5198 +0.0054 (+0.12%) and USDCOP is 3,433.1001 -28.12 (-0.8124%).
KC Volatility Update: J -5%, K -3.75%, M -3.3%, N -2.1%, U -1.6%, Z -1.5%
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