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Local Weakness Across The Board

LATAM FX
  • Continued Pressure on risk sentiment, dampening local currency performance to start the week.
  • An extension higher in USDMXN echoed by local currency pressure after the open for BRL and CLP.
  • USDBRL currently testing last week's high print of 5.3465, while USDCLP making headway towards the important 795.73, Aug 9 high and the bull trigger.
    • USDMXN up 0.88% at 20.1936
    • USDBRL up 1.01% at 5.3444
    • USDCLP up 1.07% at 791.5

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