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Bloomberg Dollar Index -0.15%, US Holiday Leaves Geopolitics In Focus

LATAM
  • The strong recovery overnight for major equity indices, following the weak open, weighed on the greenback approaching the European open. Despite the most recent renewed pressure on equities, the Bloomberg dollar index resides in negative territory, down 0.15%, however continues to trim losses over the past hour.
  • Even with the US closed for President’s Day holiday, markets remain susceptible to ongoing developments on the geopolitical front, particularly relating to the potential Biden-Putin meeting.
  • A light start to the LatAm calendar on Monday, with mid-month inflation data for Mexico and Brazil the key data points in focus.
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