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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessBroad Greenback Weakness Supporting LatAm FX
- Broad greenback weakness is extending in recent trade and will be worth monitoring as we approach value date month-end. The price action continues to support the likes of the Brazilian real and the Colombian peso, which are outperforming regional peers on Tuesday.
- Additionally, after briefly printing a marginal new high on the week, USDMXN has had a solid reversal back towards 17.10, with the rally for equities underpinning the EM FX strength. The upside in risk coincides with dovish tones from Fed's Waller - countering the more inline with exp. Comments from Bowman, who favours hiking rates further if inflation progress stalls.
- USDMXN down 0.2% at 17.1325
- USDBRL down 0.66% at 4.8666
- USDCLP down 0.2% at 870.22
- USDCOP down 0.8% at 3942.8
- USDPEN up 0.27% at 3.7325
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.