Free Trial

Greenback Strength Weighs On Regional Currencies, MXN Down 1%

LATAM FX
  • US Dollar strength following the ECB is evident throughout the markets. Aided by EURUSD falling to a 23-month low, the Bloomberg dollar index is set for its biggest gain in a month.
  • Rising US yields an additional headwind for LatAm currencies amid the potential of lower liquidity given the dynamic of local holidays in the region.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 1.01% at 19.9859
    • USDBRL up 0.87% at 4.7309
    • USDCLP up 1% at 813.72
    • Bloomberg Dollar Index up 0.65% at 1213.31
    • USDCNH up 0.23% at 6.3929
    • JPMorgan EM Ccy Index down 0.71% at 52.933
    • S&P E-Mini Future down 11.25 points (-0.25%) at 4430.75
    • WTI Crude Oil (front-month) down $1.34 (-1.29%) at $102.96
    • Gold is down $14.34 (-0.73%) at $1963.59
    • Copper Futures down 2.45 (-0.52%) at 468.80
    • US 10-Yr yield is up 6.8 bps at 2.7662%

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.