Free Trial

Oil/Risk Rally Supporting Local Currencies

LATAM

LATAM Snapshot – Local currencies holding onto gains amid a marginally softer dollar and positive US equity indices. The rally in oil, extending after the newly released inventory data, is supporting MXN and BRL. USDCLP continues to probe recent lows reflecting renewed optimism in copper futures.

  • USDMXN down 0.3% at 20.0354
  • USDBRL down 0.72% at 5.6772
  • USDCLP down 0.21% at 707.00
  • USDPEN down 0.11% at 3.6259
  • - Bbg Dollar Index down 0.14% at 1137.55
  • - USDCNH down 0.2% at 6.5304
  • - JPMorgan EM CCY Index up 0.26% at 56.623
  • - S&P E-Mini Future up 7 points (0.17%) at 4139.5
  • - WTI Crude Oil (front-month) up $1.44 (3.39%) at $62.27
  • - Copper Futures up 6.3 (1.56%) at 409.30

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.