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Argentina Economic Activity, Colombia Business Sentiment

LATAM
  • Following the disappointing Mexico retail sales data, the LatAm economic data calendar remains quiet once more before Argentina economic activity later this afternoon. Business sentiment figures for Colombia are also expected.
  • The USD sits steadier against all others in G10, putting pause to the pullback in the USD Index that persisted into the Monday close. The USD Index has steadied around the 200-dma at 103.621, which may signal a near-term pause ahead of any resumption of the downtrend off the October high.
  • Today sees the early release of the weekly jobless claims data due to the Thanksgiving holidays that kick off tomorrow. The release of the final November UMich sentiment survey also crosses - which markets may be wary of considering the considerable upside revision for inflation expectations at the October release.

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