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Weaker As USDCNH & DXY Regain Lost Ground

LATAM FX

As CNH continues its reversal following the White House headlines, similar weakness has filtered through in MXN, BRL and CLP. DXY continues to regain lost ground amid underperformance in gold.

  • USDMXN after breaking some important technical levels to the downside is now eyeing its high of the day at 20.1089. If prone to a squeeze, 20.25 immediate resistance before more notable horizontal at 20.43
  • USDCLP following suit with Copper down 1% adding to the move. Currently breaking Friday's highs right here just above 7.66.
  • USDBRL also had a notable turnaround now breaking Friday's highs at 5.3945.

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