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Less Volatile Session For Regional Currencies As USD Weakness Halted

LATAM FX
  • The greenback looks set to pause its decline after the USD index fell around 1.3% in the previous two trading days. Mixed performance among LatAm FX with MXN declining in line with dollar strength and CLP, PEN and COP edging out marginal gains. BRL leads the way, rising 0.6% and reversing yesterday's marginal losses.
  • BanRep decision due later in the session at 1900BST/1400ET.
  • Latest Headline: Brazil’s PSDB Party Asserts Doria’s Pre-candidacy For President (BBG)
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 0.24% at 19.926
    • USDBRL down 0.6% at 4.7431
    • USDCLP down 0.24% at 787.15
    • USDCOP down 0.13% at 3753.23
    • USDPEN down 0.38% at 3.701
    • BBG Dollar Index up 0.12% at 1189.6
    • S&P E-Mini Future down 10 points (-0.22%) at 4585.5
    • WTI Crude Oil (front-month) down $4.37 (-4.05%) at $103.38
    • Gold is up $12.12 (0.63%) at $1944.82
    • Copper Futures down 1.25 (-0.26%) at 473.85

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