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Greenback Shrugs Off Weaker JOLTS, USDBRL Above Resistance

LATAM FX
  • The bad miss of expectations for US JOLTS data has done little to affect the greenback, with dips having been well supported in the direct aftermath of the release. For LatAm, there remains moderate weakness for regional currencies, with the Mexican peso moderately outperforming.
  • For USDBRL, resistance at 4.9535, the Nov 10 high, has been pierced. A clear break of this level would ease bearish pressure and potentially expose 5.0696, the Oct 31 high.
  • USDCLP has had the greatest advance, rising 0.89% at typing. Initial resistance is at $887.83, the 50-day EMA.

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