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BRL, CLP Heavy Into Weekend

LATAM FX
BRAZIL, CHILE - Notable moves being seen in USDBRL and USDCLP both up 1% on the day.
  • There seems to be consistent demand for USDBRL ahead of the 200day MA (now comes in at 5.2724) as the pair unwinds yesterday's losses.
  • In Chile, the withdrawal bill may be losing momentum ahead of the Senate vote as a parallel bill from the government, containing taxes for higher incomes, was submitted and is garnering a positive response among members of the senate.

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