Free Trial

COP Outperforms As Polls Narrow, BanRep Minutes Scheduled

LATAM
  • The Colombia Peso outperformed its regional counterparts on Monday as leftist presidential candidate Gustavo Petro’s lead in the polls has diminished. Additional headwinds stem from bolstered crude futures to start the week. COP gains come ahead of the release of BanRep minutes, due later today at 2300BST/1800ET.
  • A light Tuesday docket features Brazil PMIs and Uruguay Inflation data before as markets prepare for the FOMC minutes on Wednesday.
  • Peruvian Sol underpeforming amid latest protests in the country with the latest headline showing the severity of the issue: *PERU DEPLOYS ARMED FORCES TO CONTROL VIOLENT PROTESTS: MINISTER (BBG)
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.15% at 19.8257
    • USDBRL down 1.08% at 4.6093
    • USDCLP down 0.36% at 779.57
    • USDCOP down 1.3% at 3706.02
    • USDPEN up 0.26% at 3.6445
    • USDARS up 0.42% at 111.594
    • BBG Dollar Index up 0.16% at 1195.69
    • JPMorgan EM Ccy Index up 0.49% at 53.664
    • S&P E-Mini Future up 32 points (0.71%) at 4571.25
    • BBG Commodity Index up 1.6877 points (1.36%) at 125.5651
    • WTI Crude Oil (front-month) up $4.54 (4.57%) at $103.81
    • Gold is up $5.04 (0.26%) at $1930.67
    • Copper Futures up 8.8 (1.88%) at 477.65

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.