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AMLO Confirms Cordial Call With President Biden

MEXICO
  • President AMLO, via twitter, said that he had a “cordial” phone conversation with US President Joe Biden on Tuesday. AMLO indicated they discussed migration, security and cooperation on development.
    • Biden also confirmed trip to Mexico for the North American summit. López Obrador made the announcement during a press conference that both Biden and Canadian Prime Minister Justin Trudeau will travel to Mexico in December.
  • President AMLO also said that he met with Judith McKenna, the head of Walmart international division, about "doing everything possible" to lower inflation on food products. (Rtrs)
  • Mexico has an oil hedge program for 2023 that protects the country’s revenue if prices for its crude decline below $68.70 per barrel, Deputy Finance Minister Gabriel Yorio told lawmakers on Tuesday. (BBG)
  • Central bank to offer 25b pesos of Cetes in an extraordinary auction to regulate liquidity.
  • August retail sales remains the key data point this week, scheduled on Friday.

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