MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Snapshot: CLP & COP Significantly Weaker With Commodities, BRL Resilient

LATAM
  • CLP and COP two of the poorest performing currencies on Thursday. As well as the stronger greenback, heavy copper and oil prices have acted as headwinds, combining with fragile political backdrops.
  • USDMXN, after spiking to 20.62 during the European session, has remained between the 38.2% and 50% Fib retracements of the March-June sell-off. 20.2421, the 100-day MA should act as a primary short-term support for the pair.
  • The Brazilian Real has shown great resilience throughout the session, firming 0.59%, in the face of weaker commodities and a stronger dollar. Although USDBRL has been unable to crack 5.00, the resilience following the hawkish central bank proves the psychological support may come under pressure in sessions to come.
    • USDMXN up 0.25% at 20.4437
    • USDBRL down 0.59% at 5.0253
    • USDCLP up 1.47% at 737.55
    • USDCOP up 0.95% at 3713.35
    • Bbg Dollar Index up 0.51% at 1139.56
    • JPMorgan EM Ccy Index down 0.54% at 57.128
    • WTI Crude Oil (front-month) down $1.11 (-1.54%) at $71.06
    • Gold is down $33.13 (-1.83%) at $1778.47
    • Copper Futures down 20.9 (-4.77%) at 417.60
    • US 10-Yr yield is down 6.6 bps at 1.5091%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.