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Local Currencies Hold Narrow Ranges, Mex Inflation Data Due Tuesday

LATAM
  • Below gives key levels of LatAm markets as we approach the close: Despite the weaker greenback and large bounce in commodities, Latam FX held fairly narrow ranges to start the week. Mexico Bi-Weekly CPI data will be eagerly anticipated tomorrow ahead of Banxico minutes on Thursday which may give markets further clues on the path for central bank policy. Chilean PPI and Mex weekly reserve data will also be released.
    • USDMXN down 0.21% at 20.3214
    • USDBRL down 0.13% at 5.3734
    • USDCLP down 0.45% at 783.2
    • USDCOP up 0.11% at 3876.48
    • USDPEN down 0.33% at 4.1013
    • USDARS up 0.09% at 97.4015
    • Bloomberg Dollar Index down 0.55% at 1151.75
    • USDCNH down 0.39% at 6.4751
    • JPMorgan EM Ccy Index up 0.38% at 56.002
    • S&P E-Mini Future up 45 points (1.01%) at 4482
    • BBG Commodity Index up 1.9759 points (2.17%) at 93.1364
    • WTI Crude Oil (front-month) up $3.45 (5.55%) at $65.59
    • Gold is up $23.71 (1.33%) at $1804.91
    • Copper Futures up 8.85 (2.14%) at 422.55

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