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Snapshot: BRL and CLP Extend Tuesday Decline Amid Weakness In Equities

LATAM
  • The Brazilian Real And Chilean Peso are struggling after the open on Wednesday as shaky risk sentiment is weighing on LatAm FX.
  • Additionally, Chilean central bank head Rosanna Costa has noted the process of economic slowdown is underway and that new pension withdrawals would hurt long-term investments.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN up 0.23% at 20.0481
    • USDBRL up 1.28% at 4.7107
    • USDCLP up 0.8% at 793.11
    • USDCOP up 0.42% at 3756.7
    • USDARS up 0.13% at 111.84
    • BBG Dollar Index up 0.05% at 1201.4
    • USDCNH down 0.24% at 6.3621
    • JPMorgan EM Ccy Index down 0.22% at 53.14
    • S&P E-Mini Future down 49.5 points (-1.1%) at 4471
    • WTI Crude Oil (front-month) down $0.46 (-0.45%) at $101.52
    • Gold is up $6.35 (0.33%) at $1929.83
    • Copper Futures down 2.8 (-0.58%) at 476.85

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