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USD Trades On Front Foot Ahead Of US CPI, Final Day Of Americas Summit

LATAM
  • US CPI headlines the data docket on Friday. Core CPI inflation is expected to dip slightly from +0.57% M/M in April to +0.5% M/M, with a faster rise in headline CPI at +0.7% M/M amid energy price rises.
  • The greenback has extended yesterday’s late rally overnight which sees the Bloomberg dollar index rising 0.15%, weighing on the Mexican peso, which has retreated 0.28% from the APAC crossover.
  • Presidents of the region participate in the last day of the Summit of the Americas.

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