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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessUS Data Further Boosts Greenback, Weighs On Local Currencies
- The much stronger than expected US ISM services index has provided an additional boost to the USD following the above consensus employment data. With front-end US yields reversing the entirety of the moves seen since Wednesday, the USD continues to trade in a buoyant manner with the DXY extending gains to just shy of 1% on Friday.
- LatAm FX really feeling the brunt of the sentiment with specific pairs such as USDMXN and USDBRL extending the rejections of key aforementioned technical supports.
- Colombia CPI is released over the weekend and next week features January inflation data for Chile, Mexico and Brazil. The Banxico rate decision is scheduled for Thursday.
- Below gives key levels of LatAm markets in current trade:
- USDMXN up 1.15% at 18.8878
- USDBRL up 1.49% at 5.1181
- USDCLP up 1.63% at 792
- USDCOP up 1.24% at 4677
- USDPEN up 0.58% at 3.8541
- Bloomberg Dollar Index up 0.85% at 1229.08
- USDCNH up 0.6% at 6.7781
- S&P E-Mini Future down 29.75 points (-0.71%) at 4157.5
- Gold is down $35.26 (-1.84%) at $1877.59
- US 10-Yr yield is up 15 bps at 3.54%
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.