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Broad USD Buying Filters Through, MXN Remains Strong

LATAM FX

A solid bounce in the Dollar Index amid 10yr Treasury yields trading above 1%.

  • Decent bounce in USDCLP back into positive territory into the close back to 700 level.
  • The bias in USDBRL is definitely higher with the pair trading at the best levels of the last two sessions around 5.35, up 1.3% on the day.
  • MXN certainly defying the bid in the dollar, hugging it's best levels of the day. USDMXN is holding 19.70 support for now. Notable move in BRLMXN today down 1.73% approaching some previous lows at 3.67.

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