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Under Pressure Amid US Dollar bid

LATAM FX
  • Full blown risk-off as equities hit hard on the open in the US. The DXY performing very well, especially after the most recent comments from the ECB weighing on EURUSD.
  • JPMorgan Emerging Market Currency Index struggling down 0.66%, sees LatAm FX breaking to fresh session lows.
  • USDMXN has just taken out the highs from yesterday at 20.30, USDBRL recovering 1.3% from yesterday's sell-off, back above 5.40.

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