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Dollar Progressing Higher, LatAm Markets Reopen

LATAM
  • The greenback makes modest progress early Tuesday, putting the USD Index north of the Monday highs and nearing the August highs of 106.93.
  • EUR trades under pressure against most others, with EUR/USD printing a new intraday low of 1.0125 following another dire read for the German ZEW survey. A break below 1.0123 for EUR/USD would be fresh August lows, opening 1.0097 as the next support.
  • US building permits data for July are due shortly, as well as Canadian and US housing starts and the July Canadian CPI release. US industrial production follows a little later in the session. There are no central bank speakers of note.
  • Colombia Trade Balance and GDP Data are the only notable LatAm releases. Argentina, Chile, Colombia and Venezuela markets reopen following yesterday’s holiday.
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  • The greenback makes modest progress early Tuesday, putting the USD Index north of the Monday highs and nearing the August highs of 106.93.
  • EUR trades under pressure against most others, with EUR/USD printing a new intraday low of 1.0125 following another dire read for the German ZEW survey. A break below 1.0123 for EUR/USD would be fresh August lows, opening 1.0097 as the next support.
  • US building permits data for July are due shortly, as well as Canadian and US housing starts and the July Canadian CPI release. US industrial production follows a little later in the session. There are no central bank speakers of note.
  • Colombia Trade Balance and GDP Data are the only notable LatAm releases. Argentina, Chile, Colombia and Venezuela markets reopen following yesterday’s holiday.