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- Amid a stronger day for risk sentiment, USDMXN remains lower on the day despite the greenback turnaround with MXNJPY tracking 0.9% higher on Wednesday, bucking a six-day losing streak for that pair. Market focus will turn to tomorrow's CPI release for any clues to a potential pause in monetary tightening from Banxico on September 30.
- USDBRL marginally higher on the day, tracking its 200-day moving average around 5.31 ahead of the September Copom rate decision/statement due this evening.
- For a final look at our preview with analyst views, please follow this link: https://marketnews.com/mni-bcb-preview-september-2021-dial-up-the-hawkishness