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LATAM: Summary – October 11

LATAM
EM BulletBulletGlobalEmerging Market NewsRegion
  • Mexico industrial production data will be published on Friday, with annual growth expected to slow to 0.4% y/y in August. Elsewhere, Brazil services volume figures for August are due, which are also expected to show a moderation in growth.
  • In the US, the focus on inflationary pressures is likely to continue on Friday, with PPI data set to cross, as well as the prelim UMich sentiment survey. Canadian jobs data for September are also due, with the unemployment rate set to rise to 6.7% from 6.6% - a shift that should keep the BoC on a firm easing bias ahead.
  • JPY sits very modestly weaker against most others in G10, keeping the bull trend posted off the 139.58 lows intact, and the Y150.00 handle a key psychological target. Gains are perhaps more notable in EUR/JPY, which sits just below the intersection of horizontal resistance layered between 163.49-61 and the 200-dma of 164.37.
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  • Mexico industrial production data will be published on Friday, with annual growth expected to slow to 0.4% y/y in August. Elsewhere, Brazil services volume figures for August are due, which are also expected to show a moderation in growth.
  • In the US, the focus on inflationary pressures is likely to continue on Friday, with PPI data set to cross, as well as the prelim UMich sentiment survey. Canadian jobs data for September are also due, with the unemployment rate set to rise to 6.7% from 6.6% - a shift that should keep the BoC on a firm easing bias ahead.
  • JPY sits very modestly weaker against most others in G10, keeping the bull trend posted off the 139.58 lows intact, and the Y150.00 handle a key psychological target. Gains are perhaps more notable in EUR/JPY, which sits just below the intersection of horizontal resistance layered between 163.49-61 and the 200-dma of 164.37.