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Mexico Inflation Data Takes Focus, Argentina Unions Strike

LATAM
  • Mexico bi-weekly inflation data and economic activity highlights the LatAm docket on Wednesday. Chile PPI figures will also cross. Argentina’s umbrella union CGT and other social movements are expected to take part in a nationwide strike as lawmakers debate President Javier Milei’s sweeping omnibus bill in congress.
  • The USD is backtracking, making the greenback weaker against all others in G10. Prelim US PMI data is the sole US release of note, with speech schedules remaining quiet as the ECB and Fed remain inside the pre-rate decision media quiet period.

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