MNI BRIEF: Williams Is Confident Fed Getting Inflation Back To 2%

MNI China Daily Summary: Monday, July 1

MNI BRIEF: PBOC To Borrow CGBs In Response To Market Situation

MNI BRIEF: Caixin June Manufacturing PMI Hits Three-year High

MNI: PBOC Net Drains CNY48 Bln Via OMO Mon; Rates Unchanged

June CPI Below Market Expectations, Headline Y/Y At 2.4%

MNI: UK JUN BRC SHOP PRICES -0.2% M/M, +0.2% Y/Y

Multivariate Core Trend Inflation Falls To Post-2020 Low

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Continued Dollar Strength Pressures MXN, CLP

LATAM FX
  • As the dust settles post-US retail sales, another bid coming back into the greenback with EURUSD breaking aggressively through 1.1350 to the downside. Additionally, the BBDXY rising to the best levels in a year, hovering below the November 2020 highs.
  • USDMXN pops above 20.72 and last week's highs with key resistance not until 20.9790, Nov 3 high. This extends on some more positive price action yesterday for the pair, rising from last weeks close at 20.52.
  • USDCLP had reversed yesterdays move lower from the open and the supportive dollar price action is pressuring yesterdays high at 805.66. Key Chile GDP data this week will be released on Thursday.
  • After some initial BRL strength, USDBRL has also joined Tuesday's regional trend of weaker local currencies and will now to look to close last Thursday's gap open to 5.4978.
    • USDMXN up 0.6% at 20.7473
    • USDBRL up 0.36% at 5.4769
    • USDCLP up 0.99% at 805.75
    • USDCOP up 0.54% at 3906.23
    • USDPEN up 0.14% at 3.9985
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.