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Although pricing remains patchy with......>

ARGENTINA
ARGENTINA: Although pricing remains patchy with the market highly volatile, the
ARS has fallen very sharply from the open, down well over 20% against the USD
and hitting fresh highs above 55.00. The moves have filtered through well into
wider LatAm FX space, pressing BRL, COP, MXN and CLP well into the red against
the USD and broader EMFX. USD/BRL now looks comfortable above 4.00, with Fib
resistance at 4.0265 (76.4% 4.1217 - 3.7185) the next target.

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