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Mexico Trade Balance and Brazil Current Account Data Highlight Calendar

LATAM
  • Brazil consumer confidence kicks off Friday’s LatAm calendar, before current account and FDI figures are released. Mexico will report trade balance for April and the current account balance for the first quarter. Chile April producer price data is also scheduled.
  • The greenback trades poorer against G10 peers early Friday, keeping the USD Index pinned to the 50-dma and holding just below weekly highs. USDMXN remains in a tight 16.70-75 range, having risen on Thursday following the strong US PMI data and the associated weakness for equities.
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  • Brazil consumer confidence kicks off Friday’s LatAm calendar, before current account and FDI figures are released. Mexico will report trade balance for April and the current account balance for the first quarter. Chile April producer price data is also scheduled.
  • The greenback trades poorer against G10 peers early Friday, keeping the USD Index pinned to the 50-dma and holding just below weekly highs. USDMXN remains in a tight 16.70-75 range, having risen on Thursday following the strong US PMI data and the associated weakness for equities.