January 17, 2025 11:22 GMT
LATAM: Summary – January 17
LATAM
- Colombia publishes retail sales and industrial production data for November on Friday, with both sales and manufacturing growth expected to moderate. Elsewhere, Argentina budget balance data for December are also due.
- In the US, building permits, housing starts and industrial production data for November are the highlights of a less busy economic calendar to finish the week
- The greenback is marginally firmer on the session, assisted by a steady appreciation for USDJPY after the brief test below 155.00 overnight. Rising chances of a BoJ hike next week have weighed on the pair in recent sessions, and despite today’s 0.3% advance, spot remains down 1.3% on the week. Nikkei sources report that a majority of the BoJ policy board will favour a 25bp rate hike next week, though a final decision will be made following US President-elect Trump's Inauguration on Monday.
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