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Chart of the day is........

...a forex update on the major traded currencies down here versus the greenback.

  • Argentina's Peso continues its slow deval
  • Mexico's Peso conforms with reality and shows shillers calling for a "Tequila Effect II" a few weeks ago for what they are; idiots.
  • Peru's Sol and Chile's Peso remain on a level with the dollar.
  • Brazil's Real and Colombia's Peso zooming higher.