Global View Sugar Flash – The Real is not burning like the Amazon! – 27th August 2019
27th August 2019
Daily technical analysis of the global sugar markets from Mike McDougall, Managing Director of Paragon Global Markets.
Brazil, may have difficulty in putting out the fire in the Amazon, but the Real fire is easier to throw some water on. Certainly looks like the Central Bank got nervous as the Real got closed to 4.20, and promptly stepped in. That might contain the range to 4.00-4.20. That could also limit the downside
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