Free Trial

Risk-Off Sentiment To Weigh On LatAm FX Despite Oil Surge

LATAM
  • Oil's significant gap higher to open the week has notably weighed on risk across equity and currency markets early Monday, with the risk of a full embargo on Russian oil and gas products looking more likely over the weekend.
  • The extension of EURUSD to the downside has contributed to a 0.65% advance in the dollar index with emerging market FX indices substantially lower as CEE currencies in particular lose significant ground.
  • Using MXN as the barometer for the region, LatAm currencies expected to come under pressure from the open with USDMXN currently up 1.3% from Friday’s close.

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.