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Patchy Latam FX Response, Despite Surge in USD Index

EMERGING MARKETS
  • Stronger-than-expected US jobs data tips the USD Index higher, putting USD/CLP, USD/PLN and USD/CZK to new daily highs.
  • Most pairs have moderated slightly, and the impact is patchier in the likes of USD/MXN, which sees only brief support before resuming the pre-data trend lower - weakness through intraday support at 16.4923 would put the pair to new daily lows.

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