Free Trial

Fresh Session Lows For BBDXY Buoys Regional Currencies

LATAM FX
  • Some pressure on the broad greenback in early NY trade sees the Bloomberg Dollar Index break to fresh session lows as well as taking out Wednesday's worst levels.
  • Latam FX gaining across the board as both USDBRL and USDCLP extend on recent technical breakouts/weakness and USDMXN pares yesterday's advance.
  • Supportive price action for local currencies adding support to local swap rates, with curves seen lower across the board, also in line with lower treasury yields.
    • USDMXN down 0.58% at 20.3849
    • USDBRL down 0.75% at 5.4047
    • USDCLP down 0.73% at 803.69
    • USDCOP down 0.51% at 3974.6

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.