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Chile IPSA Index Off Lows, USDCLP Lingering Near Highs

LATAM
  • Latam currencies are trading in narrow ranges in a subdued session ahead of the holiday season. A gap lower from the open in USDCLP is slowly being eroded, as the broad greenback firms in recent trade.
  • USDMXN continues to hover above 20.70 support.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.2% at 20.7439
    • USDBRL down 0.01% at 5.737
    • USDCLP down 0.37% at 871.92
    • USDCOP down 0.3% at 3995.15
    • USDPEN up 0.07% at 4.054
    • Bbg Dollar Index up 0.02% at 1185.57
    • BBG Commodity Index up 1.4171 points (1.49%) at 96.8011
    • WTI Crude Oil (front-month) up $1.85 (2.7%) at $70.44
    • Copper Futures up 3.6 (0.84%) at 432.40
    • US 10-Yr yield is up 5.8 bps at 1.4805%
  • Local Equity Indices:
    • Brazil Ibovespa up 256.5 points (0.24%) at 105264.7
    • Mex Bolsa up 445 points (0.85%) at 52685
    • Chile IPSA Index up 64.8 points (1.59%) at 4153.06

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