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BRL and CLP Resume Short-Term Downward Trajectory

LATAM FX
  • Both the Brazilian Real and Chilean peso have continued the downward trajectory this week as market participants take profits on some of the largest gains seen in the currency space globally this year.
  • Focus in the region turns to the Peru central bank decision with some analyst views coming shortly.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 0.02% at 20.1679
    • USDBRL up 1.09% at 4.7604
    • USDCLP up 1.59% at 809.95
    • USDCOP up 0.61% at 3775.25
    • USDPEN down 0.27% at 3.7115
    • Bbg Dollar Index up 0.16% at 1204.57
    • JPMorgan EM Ccy Index down 0.06% at 53.093
    • S&P E-Mini Future down 15.75 points (-0.35%) at 4460.25
    • BBG Commodity Index down 0.4441 points (-0.36%) at 124.7354
    • WTI Crude Oil (front-month) down $0.57 (-0.59%) at $96.30
    • Copper Futures down 2.6 (-0.55%) at 470.95
    • US 10-Yr yield is up 4.2 bps at 2.639%

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