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USD/BRL choppy action post payrolls

  • USD/BRL BM&F 1M NDF has chopped 3.1730/3.2230 post US payrolls

  • Real money USD offers near top as yields tempt asset managers

  • Offshore buyers pre NFP galvanized by robust US data 

  • Some decent BRL buying Tues/Weds, traders a bit leery to buy above 3.22 after this week's drop

  • But big Fibo at 3.1277 deters sellers

  • Market Data
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