FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Regional Losses In Line With Broad Dollar Index Strength.

LATAM FX
  • Both USDMXN and USDBRL have edged towards their best levels of the day, up around 0.6% on the day. USDBRL printed just above 5.30 with continued strong support on dips for the pair and in close proximity of notable resistance at the 5.3130 high.
    • Latest from Campos Neto is he believes Brazil's consumer confidence won't recover fast.
  • Conflicting presidential election polls and heavy copper prices have left USDCLP in a much tighter range on Tuesday. Following the significant push higher yesterday for the pair, the consolidation just below most recent highs around 796 may be a signal of building topside momentum with technical indicators remaining in bull mode.
  • COP is the weakest on the day, retreating 0.85%. Weaker than expected GDP figures, lower oil prices and a stronger dollar all to blame. Additionally, following the strong Ecopetrol-ISA fuelled rally and rejection of 4000, USDCOP had depreciated significantly over the past week with some consolidation predictably expected.
  • A very narrow range for PEN, hovering just below the all-time-lows. The decision on the BCRP board members, the cabinet confidence vote and the 2022 Budget Law proposal remain key political risk events that will garner market focus over the coming weeks.
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.