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No Major Data, Greenback Extends Post FOMC Press Conference Rally

LATAM
  • The greenback has extended the post-Fed press conference strength, with markets continuing to bring forward expectations of another 75bps rate hike at December's meeting. EUR/USD is through 0.9800 and GBP/USD has taken out support at 1.1300 ahead of the Bank of England rate decision.
  • On a technical basis, the greenback has room to rally further, with the RSI still well short of any overbought signal and with positioning potentially cleaner following the immediate weakness on a dovishly interpreted statement.
  • There are no major Latin American economic data releases scheduled for today.

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