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AMLO Energy Initiative, US Yields Weighing On Peso

MEXICO
  • AMLO's nationalist energy push continues to add headwinds for the Peso. Additionally, rising US yields contributed to USDMXN gaining over 2% to briefly trade back at 21.00. USDMXN fell short of last week's best levels at 21.0477, but remains in a bullish trend as we await Fed Chairman Powell make the final major policy speech before March FOMC.
  • Following the approval of the electricity law, Mexico's top business lobby CCE holds a forum on the economic and legal impact at 9am local time.

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