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Summary 1/2 - Mex GDP, Chile Retail Sales

LATAM

MEXICO - USDMXN trades heavily today down 0.5% on the session unwinding some gains but remains 1% higher on the week. 1,506 new Covid-19 deaths reported highlights the domestic headwinds. Q4 GDP today is the highlight, but expect the currency to trade in line with global risk sentiment.

  • 1200GMT/0700ET Mexico Q4 SA GDP Expected 3.1% q/q vs 12.1% prior.
  • Annual figure expected to print -5.2% vs -8.6% prior.
CHILE - Data due at 1200GMT/0700ET
  • Retail Sales for December – Expected 16% y/y vs 25% prior.
  • Unemployment Rate – Expected 10.6% vs 10.8% prior.
  • Industrial Production – Expected -3.0% vs -0.7% prior.

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