Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Tango, the devaluation of the real today has nothing to do with Brazil's economic slowdown. Tomorrow the Federal Supreme Court (STF) will decide on the arrest of former President Luiz Inácio da Silva (Lula). The Bovespa stock index fell more than 0.50% against the Dow / SP500 high. Tomorrow it is difficult to predict where the exchange will go. But if the real depreciates by more than 1% like today, the price of KCK18 will fatally seek support of 115.00. We'll know tomorrow.