CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Peruvian Sol Weakens Following Downgrade, BCRP Meeting Due Next Week

LATAM
  • Chile - USDCLP was unable to close the rate-hike induced gap yesterday to 774.15, which remains the focus on the topside. Further dollar weakness following the US employment data may bolster the case for a deeper retracement towards 753.10, the Aug 2 low.
  • Colombia - Alejandro Gaviria, who headed Colombia's Ministry of Health (MINSALUD) between 2012 and 2018, last week announced his intention to participate in next year's presidential elections. (GBI NEWS)
  • Peru - As expected Moody's took negative rating action on Peruvian banks following sovereign downgrade. USDPEN gapped higher from the open yesterday to trade back above 4.10, slowly edging towards the all time low for the Sol at 4.1251.
    • For reference, the BCRP will meet next week where some analysts are calling for further hikes following the reference rate being raised to 0.5% last month.
  • Argentina - 4pm local time: Argentina labour ministry publishes June jobs report and July survey of employers.
  • Venezuela - Negotiations between the Venezuelan government and the nation's opposition will resume in Mexico City.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.