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LATAM

US Equities edging higher, UST yields back below 1.1% provides boost for LatAm Ccys ahead of Biden.


BRL and CLP have been bolstered as global sentiment appears buoyed ahead of President Elect Biden's announcement on stimulus.


  • Both USDBRL and USDCLP trade down 1.5%. The former is currently breaching support sub 5.23 as the latter tests it's first significant level of 729.14.
  • USDMXN continues to meet good supply ahead of 19.90.
  • Bloomberg Dollar Index has seen decent selling over the past hour, turning negative on the day and now approaches a cluster of lows just ahead of 1121.00 that has acted as support over the past 24 hours.
  • Brazil local swap rates also edging lower, paring yesterday's moves, reflecting more positive sentiment abroad, however, today's moves represent a small fragment of the jump in yields over the past fortnight with lingering concerns surrounding the Government's agenda.

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