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LATAM: Summary – January 06

LATAM
  • The BCCh will publish the minutes to its December monetary policy meeting on Monday. At that meeting, the central bank struck a more cautious tone, pointing to a potential pause at the January MPC meeting and a slower pace of rate cuts beyond that. Elsewhere, the BCB will publish its weekly Focus survey with attention on the continued deterioration in the inflation outlook. Datawise, Brazil services and composite PMI and trade figures for December are due.
  • In the G10, German national-level HICP and CPI inflation is scheduled to be released later today at 13:00 GMT. US final services PMI and factory orders are due for release, and FOMC member Cook will speak.
  • USD - The dollar has started the week on the back foot, with higher beta currencies such as GBP, AUD, NZD and CAD all benefitting. This brings the USD index pullback to ~0.9%, following the new two-year high made last week of 109.53.
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  • The BCCh will publish the minutes to its December monetary policy meeting on Monday. At that meeting, the central bank struck a more cautious tone, pointing to a potential pause at the January MPC meeting and a slower pace of rate cuts beyond that. Elsewhere, the BCB will publish its weekly Focus survey with attention on the continued deterioration in the inflation outlook. Datawise, Brazil services and composite PMI and trade figures for December are due.
  • In the G10, German national-level HICP and CPI inflation is scheduled to be released later today at 13:00 GMT. US final services PMI and factory orders are due for release, and FOMC member Cook will speak.
  • USD - The dollar has started the week on the back foot, with higher beta currencies such as GBP, AUD, NZD and CAD all benefitting. This brings the USD index pullback to ~0.9%, following the new two-year high made last week of 109.53.