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Greenback Recovers Amid Fed Speak On Latest Inflation Data

LATAM
  • The dollar is firmer for the first session in three, with the USD Index recovering back to the 107.00 handle as recent price action stabilises. Comments from Fed's Waller proved USD supportive, stating that the FOMC need to see more than just a single lower CPI print before being comfortable that inflation is in decline. Waller added that "The market seems to have gotten way out in front on this".
  • The JPY is the poorest performer in G10 amid solid performance for Asia-Pac equity markets after Chinese authorities moved to support the local property market. Regulators rolled out a series of 16 policy measures, from liquidity support to looser pre-payment conditions. USD/JPY remains in range of the 100-dma at 140.82, the first upside level of note.
  • Governments from Latin America and the Caribbean, together with the US and Canada, are set to consider five candidates next week as they move forward to select a new chief for the Inter-American Development Bank, a key financial institution for the region and one of its most coveted jobs. The candidates are:
    • Mexico: Gerardo Esquivel
    • Brazil: Ilan Goldfajn
    • Chile: Nicolas Eyzaguirre
    • Argentina: Cecilia Todesca
    • Trinidad and Tobago: Gerard Johnson
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