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Regional Currencies Weaken In Line With Broad Greenback Strength

LATAM
  • While the US employment report was largely taken in its stride by markets, the firm numbers and weaker risk sentiment have underpinned broad greenback strength on Friday.
  • Latam FX has in turn come under pressure with MXN, BRL and PEN marginally outperforming the Chilean and Colombian Pesos.
  • Just Uruguayan CPI left on the LatAm data docket before Colombian CPI over the weekend.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 1.13% at 20.8725
    • USDBRL up 1.2% at 5.0879
    • USDCLP up 1.4% at 807.63
    • USDCOP up 1.79% at 3822.48
    • USDPEN up 1.07% at 3.77
    • Bbg Dollar Index up 0.78% at 1197.56
    • JPMorgan EM CCY Index down 1.19% at 50.78
    • S&P E-Mini Future down 55.75 points (-1.28%) at 4302.5
    • BBG Commodity Index up 3.3993 points (2.77%) at 126.3952
    • WTI Crude Oil (front-month) up $5.76 (5.35%) at $113.42
    • Copper Futures up 10.4 (2.18%) at 487.55
    • US 10-Yr yield is down 11 bps at 1.726%
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