September 24, 2024 10:20 GMT
LATAM: Summary – September 24
LATAM
- Focus will turn to the Copom minutes on Tuesday for any clues as to the likelihood that the committee will step up the tightening pace in coming meetings. Chile August PPI data are also due, as are bi-weekly CPI numbers in Mexico, where headline and core inflation are expected to tick down further, ahead of this week’s Banxico meeting.
- The USD index is little changed on the session, with just US consumer confidence on the data calendar. Potential comments from hawkish Fed dissenter Bowman will be monitored, while BoC Governor Macklem participates in a fireside chat.
- Despite today’s poor German IFO data adding to the weaker-than-expected flash PMIs on Monday, the Chinese stimulus announcement overnight has boosted sentiment in equity markets, which in turn has provided support for the single currency, and in particular EURJPY (+0.7%).
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