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LATAM: Banxico Inflation Report, Brazil Job Creation Data Scheduled

LATAM
  • Banxico’s latest quarterly inflation report will be released today, which analysts note could prove unusually relevant following the plethora of information received over the last week in Mexico. Elsewhere, Uruguay unemployment rate data and Brazil formal job creation figures will be published. Argentina will sell Lecap notes, inflation-linked bonds and USD-linked bonds in a Treasury debt auction.
  • Brazil Central Bank President, Roberto Campos Neto, speaks at the Santander Annual Conference in Sao Paulo at 10am local time, with a live broadcast on the Santander Brasil YouTube channel. Comments come as more analysts adjust their calls towards the BCB tightening policy into year-end.
  • The USD index is 0.34% firmer, but off session best levels headed into the NY crossover. Market focus remains on the cycle lows in the USD Index posted yesterday at 100.514, with Fed pricing and the closing proximity to the September FOMC decision still largely responsible. The Mexican peso has also stabilised, rising 0.67% against the dollar.

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