European market tone was firmer overnight, with most regional stock indices posting +0.5% to +1.0% gains, while commodities are mixed as copper benefits from stronger sentiment, but oil prices are moderately down (‐0.1%), weighed down by the IEA’s cut of China’s crude consumption forecasts. In LATAM FX, overnight proxy MXN is up +0.6%, and is now trading close to 12.70, after trading north of 13.0 earlier in the week.
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Scotiabank