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Greenback Steady As Markets Await US CPI, BCCH Decision In Focus

LATAM
  • Currency markets remain subdued with the USD index remaining unchanged on Wednesday and major pairs holding relatively narrow ranges. USDJPY continues to consolidate above 146 after breaking to fresh cycle highs (146.48) overnight and in the process resumes its primary technical uptrend.
  • Speeches are scheduled from Fed, ECB & BoE policymakers, with the minutes from the most recent FOMC meeting also due. The clear focus for global markets remains on tomorrow’s release of US CPI.
  • LatAm highlights include Mexico Industrial production, Chile Central Bank Economist Survey and the BCCh meeting/decision.

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