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Posted by Tango
on May 11, 2020, 9:38 am
The OI shows that shorts are covering but longs are liquidating as well, which is why we feel the pressure in the market. Yet steadiness continues. The first true test would be 110.00 if the market goes there. Spreads are firm with no forward activity either way. U0U1 is -5.60 bid. USDBRL is 5.7982 +0.0663 (+1.16%) and USDCOP 3,904.3601 +15.36 (+0.39%).