- EURUSD hovers around 1.17 as risk appetite dominates
- NOK strengthens as core CPI exceeds forecasts
- LatAm currencies depreciate with the exception of the COP; the BRL gets slammed by 50% tariffs
- BRL takes a big hit at the close as US President Trump announces 50% tariffs on goods from Brazil
- Mexico: June CPI above expectations, likely adding policy caution but unlikely to deter cuts for now
- The BCRP set to maintain the policy rate at 4.50% in Thursday’s meeting