Monday, 11 September 2017
Since the previous report the ICE 11 market has been through a period of increased volatility.
Much of this was driven by fund activity closing out or rolling their Oct position, however it has been supplemented with the first signs of producer buybacks in Brazil, and selling activity on the rallies as the market sentiment remains generally bearish.
The Aussie Dollar floated sideways generally trading a 30-point range either side of 0.7990, with the most common view being the QT programs will be a real fundamental driver of future movements, interjected by Korean Peninsula volatility.
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