MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

AMLO Expected To Announce Tesla Deal, MXN Resiliency Continues

MEXICO
  • President AMLO attacked the political opposition and criticized marchers that had packed a historic square in the nation’s capital to protest his electoral overhaul.
  • Separately, the President is expected to formally announce that a deal has been made on Tesla Mexico Investment.
  • The Mexican peso continues to trade resiliently and the USDMXN outlook remains bearish. The consolidation below key support at 18.50 emboldens the bearish theme. A low of 18.2994 last week placed the pair at fresh trend lows, and the lowest level since April 2018.
    • Price action continues to narrow the gap towards more significant support at 17.9401, the 2018 lows. Initial resistance levels to watch are 18.50 and then 18.5593, the 20-day EMA.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.