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LATAM: Summary – September 25

LATAM
  • Brazil will publish half-month IPCA inflation data on Wednesday, as well as August current account and FDI figures. In Chile, the BCCh will release its latest traders survey, while Colombia industrial and retail confidence and Argentina July economic activity are also due.
  • Elsewhere, the data schedule is light, with just US new home sales and weekly mortgage applications numbers due. Central bank speakers are similarly light, with a speech from the Fed's Kugler on the economic outlook to coincide with the cash equity close.
  • USD/JPY is firming, with JPY amongst the poorest performing in G10 and tipping the pair toward yesterday's high. Clearance here would be fresh multi-week highs and increase the focus on the down-trending 50-dma of 146.73. JPY weakness is also filtering well into CHF, which also nurses losses.
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  • Brazil will publish half-month IPCA inflation data on Wednesday, as well as August current account and FDI figures. In Chile, the BCCh will release its latest traders survey, while Colombia industrial and retail confidence and Argentina July economic activity are also due.
  • Elsewhere, the data schedule is light, with just US new home sales and weekly mortgage applications numbers due. Central bank speakers are similarly light, with a speech from the Fed's Kugler on the economic outlook to coincide with the cash equity close.
  • USD/JPY is firming, with JPY amongst the poorest performing in G10 and tipping the pair toward yesterday's high. Clearance here would be fresh multi-week highs and increase the focus on the down-trending 50-dma of 146.73. JPY weakness is also filtering well into CHF, which also nurses losses.