MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: PBOC Sets Yuan Parity Lower At 7.1270 Fri; -0.95% Y/Y

CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

Japan Tokyo Jul Core CPI +2.2% Y/Y

MNI BRIEF: Japan July Tokyo Core CPI Rises 2.2% Vs. June's 2.1%

MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LatAm FX Broadly Outperforms, COP Under Pressure

LATAM
  • Despite the strength for broad dollar indices on Tuesday and soft price action across major equity indices, Latin American currencies are performing well on Friday.
  • In a week blighted by headlines surrounding the Brazilian central bank’s autonomy and discussion over inflation target adjustments, BRL is parring losses into the weekend and is the strongest regional performer to finish the week. Markets will continue to monitor any headlines between President Lula and Biden, however, meetings are intended to be focused around support for democracy, human rights and the environment.
  • USDMXN continues its downward trajectory following Banxico’s hawkish surprise on Thursday and markets will pay particular focus to the US CPI data next week as the pair gravitates toward very significant technical support at 18.50.
  • Despite a more positive week for oil prices, the Colombian peso has remained under pressure and is the standout underperformer on Friday. This may be potentially reflecting the lower-than-expected inflation data, released to start the week.
  • Next week’s data calendar highlights are Colombia trade & GDP data, Argentina inflation, Peru economic activity and Brazil economic activity.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.