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Regional Currencies Remain Steadfast, Buoyed By Equities/Commodity Rally

  • Geopolitics remains the key driver for global markets as participants assess the fallout following yesterday’s address from Russian President, Vladimir Putin.
  • Once again EMFX, aside from RUB, has remained steadfast and the strong squeeze in global equities/continued buoyancy in the commodity space during the European session leaves broad dollar indices in minor negative territory on Tuesday.
  • Trade balance data from Argentina headlines the LatAm docket with inflation readings from Brazil (Wed) and Mexico (Thu) the notable data points for the rest of the week.

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