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Posted by Tango
on June 26, 2020, 9:49 am
New vs old renders a flat OI. Likely, all sectors are adding and liquidating. New selling by managed money and new commercial buying is probable. There could be long liquidation adding to the pressure. The market for now is trying to hold the 95.00 general area in U. Spreads have been weak but signs of firming. There is outright forward selling at intervals. Yesterday as well. USDBRL is 5.4689 +0.1128 (+2.11%) and USDCOP 3,746.73 +16.36 (+0.44%). Cold but non threatening coming for an extended period.