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Summary - Chile Pension Bill, Mex QIR

LATAM

MEXICO - USDMXN lacking momentum as we approach the US Thanksgiving period and remains 19.95-20.18 range. Heavy data on the domestic front with the inflation report and speakers:

  • Mexico Retail Sales came in 2.7% ahead of 2.2% expectations for Sep.
  • * 1500GMT/1000ET – Mexico C/A Balance Q3
  • * 1800GMT/1300ET – *Banxico Inflation Report
  • Finance Minister Herrera speaks at 0900 Local followed by Banxico Deputy Governor Espinosa.

BRAZIL - In the absence of any notable domestic developments USDBRL traded lower to close around 5.37 (down ~1%) with risk sentiment buoyed and US indices continuing their rally yesterday.

  • 1230GMT/0730ET – Brazil C/A Balance and FDI.

CHILE - Chile's Senate votes on pension withdrawal bill presented by opposition lawmakers.

  • The shine has been taken off the CLP in recent sessions with USDCLP firmly back above 770.
  • Barring any major negative headlines regarding the bill, 780 resistance would be expected to cap the topside.

COLOMBIA - BANREP decision on Friday. The central bank appears set to remain at 1.75% for a second consecutive meeting. This is the unanimous call from 20 analysts surveyed as of today and would be in line with calls that the easing cycle is over.


ARGENTINA - Nobel Economist Joseph Stiglitz, Argentina Central Bank Chief Miguel Pesce and Economy Minister Martin Guzman speak in a panel hosted by Argentina's central bank.


PERU - Fitch Ratings has assigned 'BBB+' ratings to Peru's 2032, 2060, and 2121 century bonds totalling USD4 billion. This comes following their 3 part debt offering on Monday.

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