CFTC BRL Non-Commercial Net Positions Rises to 64K

The CFTC BRL Non-Commercial Net Positions were reported at 64K. This figure represents an increase from the previous reading of 39.5K. No consensus estimate was available for this release.

The USDBRL currency pair showed a limited and mixed reaction following the release. Five minutes after the data, USDBRL was down 4.0 pips. Fifteen minutes after the release, the pair had moved to be up 1.0 pips from its pre-release level. For context, USDBRL has historically shown a median 1-hour move of 26 pips after past releases of this data, with top-quarter movements exceeding 34 pips. The measured market reaction in USDBRL so far is small when compared to these typical historical movements.