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LATAM

DXY strength filtering through as USDMXN continued a one-way grind to make new highs on the day at 20.1863 before running out of steam but remains +0.75%. USDBRL is marginally higher (+0.6%) despite the lower than expected inflation figures this morning, potentially easing fears surrounding the persistent surge witnessed in recent months. USDCLP maintained its heavy characteristic, following Monday's opening gap higher, closing down 0.58% at 724.25.


Tomorrow we have:

  • 23-Dec 1200 Mexico Oct Economic Activity – Expected M/M Exp 1.5% vs prior 1.01%
  • 23-Dec 1200 Mexico Bi-Weekly CPI - Y/Y Exp 3.16% vs prior 3.23%

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