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Snapshot: PEN Leads Gains As Chilean Peso Sees Renewed Weakness

LATAM
  • LATAM SNAPSHOT: Below gives key levels of LatAm markets in current trade. PEN leads gain in FX in a weak session for the dollar, diverging from Chilean Peso losses as the realisation of the weekend's elections and what that may mean for the new drafting of the constitution going forward:
    • USDMXN down 0.12% at 19.9039
    • USDBRL down 0.53% at 5.2822
    • USDCLP up 0.89% at 718.47
    • USDCOP up 0.66% at 3696.84
    • USDPEN down 0.94% at 3.7083
    • Bloomberg Dollar Index down 0.38% at 1116.59
    • JPMorgan EM Ccy Index up 0.25% at 57.665
    • S&P E-Mini Future up 40.25 points (0.98%) at 4152
    • WTI Crude Oil (front-month) down $1.36 (-2.15%) at $62.00
    • Gold is up $7.05 (0.38%) at $1876.77
    • Copper Futures down 0.75 (-0.16%) at 458.20
    • US 10-Yr yield is down 3.8 bps at 1.6335%
  • Local Equity Indices:
    • Brazil Ibovespa down 197.2 points (-0.16%) at 122439.1
    • Mex Bolsa up 255 points (0.52%) at 49760
    • Chile IPSA Index down 1.79 points (-0.04%) at 4028.6

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