Today’s highlight appears likely to be the release of the Fed’s FOMC meeting minutes, as tapering concern remains the predominant market driver for LATAM assets. In terms of the overnight trend, the picture is somewhat mixed for LATAM, as on one hand MXN maintains the strong appreciation trend form Monday (+1.8% from Friday), while on the other commodities are trading softer, led by copper (-1.6%), leaving the open guidance somewhat uncertain.
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Scotiabank