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Posted by Tango
on April 3, 2020, 6:44 am
180 lots in the first minute of trading was enough to to open the market lower and push it down an additional penny. The market continues under slight pressure but remains thin and quiet. Yesterday was another quiet day where spreads dominated but late in the day any strength in prices was met with forward selling, which triggered spread activity. It is good reason to believe that origin was selling considering the weakness of the Real.
The $Index is higher as all key currencies are lower against the $. The Yuan is lower but other BRIC currencies are mixed. USDMXN is 24.561 +0.34 (+1.40%), USDCOP is unchanged at 4024.00 and USDBRL ended at 5.2563 and is worth 5.3170 on the CME.
Bond futures are flat and slightly higher, equities are lower as are metals. Crude is again higher, grains are mixed, sugar and cocoa are higher while cotton is lower.