Free Trial

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.
124 words

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.
  • 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.