September 23, 2024 10:19 GMT
LATAM: Summary – September 23
LATAM
- The BCB will publish its weekly Focus survey on Monday, where analysts’ inflation forecasts will remain of particular interest. This will be followed by the minutes to the September BCCh meeting, when the central bank cut by 25bp to 5.50% and signalled a faster convergence to the neutral interest rate ahead. Elsewhere, Mexico retail sales and economic activity for July will also cross, with the market expecting a slight pick-up of growth at the start of Q3.
- In the US, flash manufacturing and services PMI highlights the calendar later today, as markets await further comments from Fed officials.
- EUR - The Euro has come under substantial pressure on Monday amid a broad set of weaker-than-expected Eurozone PMI data. Concerns regarding the growth outlook in both France and Germany, and the associated dovish ECB repricing, has weighed on the single currency with EURUSD down 0.46% as we approach the US crossover.
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