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Regional Currencies Supported By Global Equities Momentum

LATAM FX
  • Higher US indices and a pressured greenback have benefitted local currencies on Wednesday. The Brazilian Real leads the way, rising 1.16% that sees USDBRL edging further away from resistance around 5.75.
  • USDCLP also recovering from the election turmoil, also rising close to 1%. As a reminder, Friday’s high of 850.67 marks an initial support and a gap low on the daily chart.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.33% at 20.7373
    • USDBRL down 1.16% at 5.6784
    • USDCLP down 0.98% at 862.1
    • USDCOP down 0.04% at 3999.62
    • USDPEN down 0.39% at 4.037
    • Bbg Dollar Index down 0.36% at 1180.58
    • S&P E-Mini Future up 34.75 points (0.75%) at 4675.25
    • BBG Commodity Index up 1.435 points (1.48%) at 98.5666
    • WTI Crude Oil (front-month) up $1.1 (1.55%) at $72.20
    • Gold is up $10.48 (0.59%) at $1799.77
    • Copper Futures up 3.3 (0.76%) at 437.10

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