Yesterday, as the Real dropped activity increased in the form of EFS /EFP postings and outright selling across the board. Of course, the majority of selling seems to have come from long liquidation including stops. But likely all sectors were active with two way activity.
All key currencies are higher against the $ but BRIC currencies are mixed with the Yuan higher. USDMXN is 20.177 +0.3325 (+1.68%) and USDCOP is 3,537.00 +1.00 (+0.03%).
Bond futures keep climbing while equities keep dropping. Gold is looking at 1700.00 as its next target. Crude is sharply lower and grains are lower. The softs are all lower.
KC has finally broken away from the 113.00 and is now showing some weakness. Markets continue to react to the virus whose victims are increasing. Exporting countries are impacted.
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