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Mexico Current Account, US Flash S&P PMI Scheduled

LATAM
  • Mexico’s current account data will be the final data point following a quiet economic calendar this week.
  • Currency markets had a sanguine and rangebound early session Friday, with the USD Index (-0.2%) extending to the worst levels of the day in recent trade.
  • Cash Tsys are off cheapest levels but maintain a bear steepening on the day, sitting 3.8-6.2bps cheaper across the curve with 2s10s at -47bps (+2bps) vs an earlier high of -45bps.
  • US prelim S&P PMI data for November headlines the G10 docket.

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