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Snapshot: BRL & COP Extending Divergence

LATAM FX
  • The Brazilian Real is showing clear outperformance amid the strengthening USD as transition plans appear to be advancing in a smooth fashion following Sunday’s election result. In similar vein, MXN continuing to hold below the most recent breakout and showing strong resilience. In contrast, turmoil in Colombian financial markets continues with the most recent central bank rhetoric unable to contain the rapid weakening of the Colombian peso.
  • Latest headlines and levels for LatAm markets:
    • Peru’s Castillo Approval Rises to 26% in November: Datum Poll
    • Colombian Peso Extends Drop, Falls 2% To 5,105 Per Dollar
    • Brazil Budget Rapporteur Wants Amendment to Pay BRL600/Month Aid
    • Lula's Team Travels to Brazil's Capital to Start Transition
  • USDMXN up 0.03% at 19.6782
  • USDBRL down 0.69% at 5.112
  • USDCLP up 0.35% at 945.42
  • USDCOP up 2.03% at 5113.25
  • USDPEN up 0.54% at 3.9739
  • Bloomberg Dollar Index up 0.65% at 1344.75
  • USDCNH down 0.11% at 7.3352
  • BBG Commodity Index down 0.9802 points (-0.85%) at 114.108
  • WTI Crude Oil (front-month) down $1.08 (-1.2%) at $88.92
  • Copper Futures down 3.65 (-1.05%) at 343.20

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