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Bloomberg Dollar Index Unchanged, Argentina Trade Balance Due

LATAM
  • The Bloomberg dollar index and emerging market currency indices remain close to unchanged on Thursday. Divergences between the Mexican peso and the likes of BRL and CLP will be monitored today as technical conditions for both USDBRL and USDCLP deteriorate.
  • The US docket remains fairly light with jobless claims, Philly Fed and existing home sales releases due. Regional data includes Mexico unemployment rate which was just released at 3.51% versus an estimate of 3.35%, and Argentina Trade Balance at 1900GMT/1400ET, however Mexico’s Banamex survey of economists is also tentatively scheduled.

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