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Snapshot: BRL Leads The Way, COP Under Pressure

LATAM
  • Mixed currency performances across the region as USDBRL falls roughly 2% and USDCOP rises just over 1%. MXN Continues To trade on the front foot, while USDCLP reverses yesterday's move lower to trade above 850 once more.
  • Chilean data due tomorrow: Unemployment rate, retail sales, manufacturing and industrial production.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.28% at 20.5143
    • USDBRL down 2.03% at 5.5777
    • USDCLP up 0.36% at 852
    • USDCOP up 1.05% at 4080.32
    • USDPEN up 0.27% at 3.9885
    • BBG Dollar Index up 0.12% at 1178.42
    • USDCNH up 0.13% at 6.3791
    • JPMorgan EM Ccy Index down 0.03% at 52.61
    • WTI Crude Oil (front-month) up $0.51 (0.67%) at $77.08
    • Gold is up $9.01 (0.5%) at $1813.73
    • Copper Futures down 2.85 (-0.65%) at 438.45
    • US 10-Yr yield is down 3.1 bps at 1.5186%

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