September 13, 2024 10:29 GMT
LATAM: Summary – September 13
LATAM
- Brazil economic activity numbers for July will be published on Friday, with analysts expecting the annual rate of growth to pick up to 4.80% y/y, from 3.18%. This will be one of the last major data releases ahead of the Sept 18 Copom meeting. Mexico nominal wage data for August may also cross, while in Colombia the central bank will publish its latest economist survey.
- In the US later, we have preliminary UMich sentiment and inflation expectations data. Chinese activity data will be eyed over the weekend, including industrial production, retail sales and fixed asset investment for August.
- USD - With press articles and ex-Fed commentary boosting the chances of a 50bp FOMC cut next week, the USD index has fallen 0.35% on Friday. As expected, the greenback weakness is most noticeable against the Japanese yen, with its sensitivity to moves in core fixed income remaining at elevated levels.
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