November 28, 2024 11:25 GMT
LATAM: Summary – November 28
LATAM
- Following the unveiling of the government’s spending cut plans, focus turns to October outstanding loans data in Brazil. Elsewhere, Banxico will publish the minutes to its recent monetary policy meeting when it cut its policy rate by a further 25bp to 10.25%, as was widely expected. In the G10, the calendar is light, with the US closed for Thanksgiving. On the central bank speakers slate, the ECB’s Lane and Elderson are due.
- FX sentiment has been impacted by various headlines. MXN rallied after incoming US President Trump stated on Truth Social he had a successful phone call with Mexican President Sheinbaum. Meanwhile, USD/JPY sits up near 151.90. After falling 2.4% in the first sessions for the week, today has seen a modest pullback in JPY.
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