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DXY Bounce Leads LatAm Lower

LATAM

LATAM - Dollar demand gaining a bit of traction across the markets following EURUSD pinning it's most recent high and now 40 points lower.

  • USDBRL continuing its bounce now trading above 5.10. DI swap curve marginal bear steepening in line with Real losses with 10-year swap rates up 6 bps.
  • USDMXN at best levels of the day approaching Friday's high 20.1934
  • USDCLP retracing towards its best levels at 733.

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