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Snapshot: Bloomberg Dollar Index Tests 100-Day MA

LATAM FX
  • The Bloomberg dollar index is currently testing its 100-day moving average at 1166.34. This represents the first breach of the average since June 2021.
  • The majority of the advances against the greenback is being seen in G10 FX with pressure on the CHF, AUD and NZD, however regional currencies are remaining well supported, and extending on Tuesday’s strong performance.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.2% at 20.341
    • USDBRL down 0.44% at 5.5485
    • USDCLP down 0.52% at 824.53
    • USDCOP down 0.61% at 3968.88
    • USDPEN down 0.52% at 3.8862
    • Bbg Dollar Index down 0.58% at 1165.91
    • USDCNH down 0.26% at 6.3609
    • JPMorgan EM Ccy Index up 0.68% at 53.327

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