February 26, 2025 11:14 GMT
LATAM: Summary – February 26
LATAM
- In a relatively light Latam docket, Brazil formal job creation and federal debt data for January are due Wednesday, while in Colombia January retail and industrial confidence figures also cross.
- Elsewhere, US new home sales is the scheduled data highlight, with appearances from the Fed's Barkin and Bostic and BoE's Dhingra. The G20 finance ministers meeting is set to kick off in South Africa, at which Trump's approach to both global military security and global trade is the key focus. Any signs of discord here are unlikely to be received well by the White House - meaning any communique will draw market attention.
- The greenback trades stronger headed into the NY crossover, holding the bulk of a phase of dollar demand through the Asia-Pac session - although European trade so far has been considerably more subdued. EURUSD highs over the past two sessions at 1.0525 and 1.0528 have fallen just shy of key resistance, building the significance of 1.0533, the Jan 27 high and an important reversal trigger.
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