February 13, 2025 11:24 GMT
LATAM: Summary – February 13
LATAM
- On Thursday, a majority of analysts expect the BCRP to stay on hold, albeit with risks of a further cut, given recent soft inflation data. In Brazil, December retail sales data are due, while in Argentina, monthly CPI inflation is expected to slow to 2.3% m/m in January, from 2.7%.
- In the US, the PPI print and weekly claims figures are the datapoints of focus ahead, while the central bank speaker slate is much quieter, with just the ECB's Nagel on the docket, appearing in Glasgow at 1700GMT/1200ET.
- The USD Index is softer, edging lower as markets extend the reaction to Trump's opening of Ukraine negotiations with Russia's Putin late yesterday. The USD Index is toward the February lows, but a further 0.5% decline would be needed before any test of 107.296 and 106.969 support.
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