Key Facts
Wall Street surged on a risk-on wave, pushing the S&P 500 up 1.48% and the Nasdaq 2.13%, with the VIX fear gauge slipping to 15.86, setting a firm floor for Latin American risk assets.
The dollar index is hugging the 100 floor, with the DXY at 100.011, giving the Brazilian real, Chilean peso, and Mexican peso breathing room as traders price in a softer US rates outlook.
Gold punched through $4,066/oz, and silver gained 0.81% to $58.261/oz, signalling that the metals complex is in a holding pattern hunting for the next macro catalyst.
Mexico’s consumer confidence reading lands today with the consensus at 44.1, while gross fixed investment data arrives tomorrow, keeping the peso and the Mexbol index sensitive to the nation’s domestic demand story.
