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USD Squeeze Into Weekend

LATAM FX
  • Lower equities and expiries out of the way, USDMXN has extended some gains to trade around 19.97 (Up 0.78%).
  • This is in-line with USDBRL (+0.53) and USDCLP (+0.55%).
  • Some potential covering of Dollar shorts heading into a weekend, where we await the outcomes on both the fiscal stimulus package and any Brexit deal that could affect global sentiment.

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