As of Tuesday Oct 6, leveraged funds held 27,396 net long Brazilian real futures, up 17,843 contracts from 9,553 a week earlier. It is their largest net long in 84 weekly reports. In spot terms that is a short $USDBRL position, with the pair at 4.9923 today.

#forex #fx #volatility

Weekly Key Reversals Up last week in #USDZAR, #USDBRL, #USDCNY & #USDCNH (both Immediate Counter), #USDARS [#Blue$] (…just!), #EEX #Butter #Futures, U.S. 30 Year Cash #Treasury #Bond #Yield & #NYMEX #HenryHub #Natgas #Futures!

O dólar à vista recuou 0,70%, fechando a R$ 5,1082. O real se destacou globalmente como uma das cinco moedas mais fortes do dia, impulsionado pela redução do prêmio de risco fiscal após as pesquisas indicarem eleições presidenciais mais apertadas no país.
Fonte: Valor Econômico.
#USDBRL

#usdbrl
#caixabank = #bancrescuespain #Spaniards #spainair #espina #etc

🇧🇷 Brazil is throwing $1B of spot dollars into the market while running reverse FX swaps the other way. Sounds contradictory until you see what the BCB is actually trying to fix. www.ebc.com/forex/brazil...
#USDBRL #Brazil #Forex #BCB