Following yesterday’s FOMC meeting minutes release, Vice Chairwoman Yellen’s nomination for the Fed chair, and some emerging signs of potential agreements in the US political stalemate, LATAM FX have kicked off today’s trading session with a moderately positive tone, where we expect BRL to be the outperformer based on a the BCB’s continued hawkish bias. One US political uncertainty fades, we see some room for LATAM politics coming back into focus, with Mexico’s reform agenda and Chile’s presidential elections taking center stage.
Read full report: FX Daily
Scotiabank