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Posted by Tango
on June 26, 2020, 6:48 am
The market opened higher but drifted lower and is currently making new lows for the morning. Forward bids are present but pressure remains. Yesterday, it appeared that the buying that we have been seeing backed off entirely. But even with the support, selling has been significant. 8:00 we will likely see more selling by funds but Fridays often are surprising. Spreads are soft but well bid.
Key currencies are mostly higher against the $ while BRIC currencies are are mostly lower. USDMXN is 22.695 +0.0498 (+0.22%), USDCOP is 3,728.75 -1.62 (-0.0434%) and USDBRL 5.3510 on the CME.0080 lower than the spot close -.15%.
Bond futures are unchanged and equities are mixed. Gold is slightly higher as is crude. Grains are unchanged and softs are lower.