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USDBRL Bounces, Oil Retraces

BRAZIL

{BZ} USDBRL had a decent bounce in the past hour. Feels like a technical move, having made a new marginal low from last week ahead of 5.00 and filling the gap from the open to Friday's close at 5.06. Additionally, the USD has also just ran into some notable support levels against other pairs and is seen a touch firmer against the Euro and GBP.

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