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BRL Firms Over 1%, Trades At Best Levels Since March 24, CLP Fades

LATAM FX
  • USDBRL testing 5.50 to the downside with the Real firming 1.25% as markets reopen following the local holiday. No news continues to be good news and the local currency reaches it's best levels since March 24.
  • Big divergence from CLP where USDCLP is seen 1% higher making highs at 705, following yesterday's approval of the wealth tax and the upcoming third pension withdrawal vote.

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