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Snapshot: COP Outperforms As Crude Prices Surge, USDMXN Nears Support

LATAM
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  • The Colombian Peso is outperforming the region on Monday amid rising oil prices and a slightly softer greenback.
  • Elsewhere, Latam currencies are trading in the green, mostly echoing the 0.2% decline in the Bloomberg dollar index. USDMXN has been grinding lower throughout the session, continuing to narrow the gap with initial firm support at 20.0014, the May 4 low.
  • Tomorrow there are no major Latin American economic data releases scheduled.
  • Latest headlines:
    • BOLSONARO SAYS BRAZIL IS LOOKING FOR A FUEL PRICE SOLUTION (BBG)
    • BOLSONARO SAYS HE'S STILL DECIDING ABOUT SUMMIT OF AMERICAS (BBG)
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.31% at 20.0457
    • USDBRL down 0.22% at 5.0497
    • USDCLP down 0.32% at 857.92
    • USDCOP down 1.26% at 4058.19
    • USDPEN down 0.45% at 3.7755
    • Bbg Dollar Index down 0.2% at 1255.04
    • WTI Crude Oil (front-month) up $3.96 (3.58%) at $114.43
    • Copper Futures up 3.25 (0.78%) at 421.30
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  • The Colombian Peso is outperforming the region on Monday amid rising oil prices and a slightly softer greenback.
  • Elsewhere, Latam currencies are trading in the green, mostly echoing the 0.2% decline in the Bloomberg dollar index. USDMXN has been grinding lower throughout the session, continuing to narrow the gap with initial firm support at 20.0014, the May 4 low.
  • Tomorrow there are no major Latin American economic data releases scheduled.
  • Latest headlines:
    • BOLSONARO SAYS BRAZIL IS LOOKING FOR A FUEL PRICE SOLUTION (BBG)
    • BOLSONARO SAYS HE'S STILL DECIDING ABOUT SUMMIT OF AMERICAS (BBG)
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.31% at 20.0457
    • USDBRL down 0.22% at 5.0497
    • USDCLP down 0.32% at 857.92
    • USDCOP down 1.26% at 4058.19
    • USDPEN down 0.45% at 3.7755
    • Bbg Dollar Index down 0.2% at 1255.04
    • WTI Crude Oil (front-month) up $3.96 (3.58%) at $114.43
    • Copper Futures up 3.25 (0.78%) at 421.30