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LATAM

Bloomberg Dollar Index trades back to flat on the session and LATAM FX a beneficiary of the USD selling. Decent turnaround from the highs in USDMXN, USDBRL and USDCLP. Notable pick up in activity heading into 1600GMT and therefore could have been related to the WMR fix, especially given the small bounce seen just after. USDBRL the standout move on the day overall, down 0.86% at 5.2548 as of writing.


Brazil local rates sharing the optimism with the swap rates curve shifting lower by between 3-8 basis points.


Colombia Nov. Economic Activity will round off the US holiday, released at 1900GMT/1400ET - Expected -3.4% y/y vs prior -4.5%.

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