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Further Greenback Strength Weighs On EM Currency Basket

LATAM
  • Further dollar strength overnight continues to weigh on the EM currency basket with USDMXN edging closer towards the 21 mark throughout the European session.
    • Currency markets continue to keep a very close eye on EUR/USD as the pair trades at new multi-decade lows and within striking distance of the key psychological parity level - a price markets haven't traded below since 2002.

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