Wednesday, 03 March 2021
In this week's QSL Market Update:
- A total of 893,166 mt were 'delivered to the tape' (see our Jargon Buster). While this represented a decent-sized delivery, it was not the record the market was expecting
- The Brazilian Real lost 3.1% to land at 5.56 against the US Dollar after Roberto Castello Branco, CEO of Petrobras (a Brazilian state-owned corporation in the petroleum industry), was spontaneously fired by President Jair Bolsonaro
- It was a volatile week for the Australian Dollar as the local unit rallied above 80 US cents last week for the first time since early 2018
To read our full QSL Market Update, please click here.