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BRL Rises Despite Greenback Strength Following US CPI

LATAM FX
  • LatamFX: Despite the bid in dollar indices post the US CPI data, the Brazilian Real is the notable outperformer, reversing losses to trade 0.25% higher on the session, extending the renewed optimism from yesterday. MXN is the worst performer (down 0.83%), consolidating losses after the initial price spike in USDMXN on the US inflation data release. More contained ranges in Andean FX.
    • USDMXN up 0.83% at 20.0165
    • USDBRL down 0.25% at 5.1627
    • USDCLP up 0.19% at 745.25
    • USDCOP up 0.39% at 3838.1
    • USDPEN up 0.13% at 3.9668
    • BRLMXN up 1.07% at 3.877
    • Bloomberg Dollar Index up 0.31% at 1144.67

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