Currency markets continue trading somewhat sideways, as we wait for clarity on the US government shutdown as well as the more important debt ceiling. On the side of this debate, the impact on growth / confidence is also relevant for expectations on tapering, and consequently on LATAM FX.
Today’s scheduled data / events pipeline includes: Chinese HSBC/Markit Services PMI, US consumer credit, AMIA vehicle sales, Banamex survey of economists, BCB weekly survey of economists, Chilean monthly economic activity indicator, Colombia core CPI and the Asia-Pacific Economic Cooperation summit.
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Scotiabank