Free Trial

Narrow Ranges Post Data

LATAM FX
  • LatAm currencies have given up some of their initial gains, but are trading in relatively narrow ranges following the US payrolls data, which showed a small beat for NFP growth, but heavy 111k downward revisions to the two previous months.
  • Aided by another 2.8% rally in copper prices today, CLP is outperforming, rising ~0.6% against the dollar on the open. Meanwhile, MXN remains on a firm footing following yesterday’s cabinet announcements from President-Elect Sheinbaum, extending gains against the dollar to ~0.3%. After opening stronger, BRL has reversed course and is now moderately weaker against the dollar early in Friday’s session.
  • In Mexico, the Citi survey of economists is expected later today, while formal job creation figures for June may also cross.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.