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Stronger Greenback Weighing on MXN and BRL, Light US Calendar

LATAM
  • Light data calendar in the US with consumer confidence scheduled for 10am ET with all attention on tomorrow’s FOMC decision/statement.
  • US equity indices also consolidating after yesterday’s rapid squeeze off the lows.
  • Local currencies are weaker to start the week, weighed by a stronger dollar, but appear to be maintaining some resilience given the equity market volatility and mounting geopolitical tensions.
  • Following Mexico’s data this morning, we will also see Argentina Economic Activity index later in the session.
  • Monetary policy decisions from the BCCh and BanRep will gain focus following the Fed.

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