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De-escalation Rhetoric Further Weighs On Greenback, Boosts LatAm FX

LATAM
  • Risk-On sentiment across the board boosting local currencies in the early part of the NY trading session. USDMXN back below and the 20.00 mark and fresh cycle lows for both USDBRL and USDCLP.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.59% at 19.9969
    • USDBRL down 0.74% at 4.7255
    • USDCLP down 0.86% at 771.98
    • Bloomberg Dollar Index down 0.5% at 1194.58
    • USDCNH down 0.19% at 6.3739
    • JPMorgan EM Ccy Index up 1.69% at 53.483
    • S&P E-Mini Future up 27.75 points (0.61%) at 4593.5
    • BBG Commodity Index down 3.0842 points (-2.44%) at 123.2386
    • WTI Crude Oil (front-month) down $3.66 (-3.45%) at $102.59

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