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Quick FOMC Induced Spike In Dollar Takes USDBRL, USDMXN To Fresh Highs

LATAM FX
  • LATAM FX: Dollar bounces on potential signs of taper talk to come from the Fed. Quick spike for both USDMXN and USDBRL rise to highs of the day before a nice recovery in equities prompts the dollar to marginally retreat off the highs. US yields still probing the highs of the day may keep pressure on EMFX
    • - USDMXN up 0.27% at 19.8979
    • - USDBRL up 0.48% at 5.2868
    • - USDCLP down 0.06% at 712.12
    • - USDCOP up 0.16% at 3672.45
    • - USDPEN up 0.12% at 3.7435
    • - Bloomberg Dollar Index up 0.36% at 1119.52
    • - USDCNH up 0.12% at 6.4292
    • - JPMorgan EM Ccy Index down 0.28% at 57.602
    • - US 10-Yr yield is up 4.1 bps at 1.6779%

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