FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

MNI: US JUN INDUSTRIAL PROD +0.6%; CAP UTIL 78.8%

Foreigners Buy CAD20.9B of Canada Securities In May Led By Debt

MNI: US JUN HOUSING STARTS 1.353M; PERMITS 1.446M

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

April Same-Store Sales Data Expected Today

MEXICO
BulletEM BulletEmerging Market NewsHomepage
  • The Mexican peso is little changed against the dollar in early trade, as markets await key US CPI data on Wednesday. USDMXN is currently trading around 16.74, the lowest level for the pair since mid-April, following last week’s on-hold Banxico interest rate decision. Having pierced resistance at 16.8784, the 50-day EMA, a clear break would expose key support and the bear trigger at 16.2616, the Apr 9 low.
  • On the data front today, same-store sales data for April are expected later. Sales rose by 7.9% y/y in March. Nominal wages for April may also cross later.
    • April ANTAD Same-Store Sales YoY, prior 7.9%
  • Meanwhile, ruling party presidential candidate Claudia Sheinbaum is due to hold a rally in the Mexico City borough of Iztapalapa at 1300BST(0800ET).
122 words

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.
  • The Mexican peso is little changed against the dollar in early trade, as markets await key US CPI data on Wednesday. USDMXN is currently trading around 16.74, the lowest level for the pair since mid-April, following last week’s on-hold Banxico interest rate decision. Having pierced resistance at 16.8784, the 50-day EMA, a clear break would expose key support and the bear trigger at 16.2616, the Apr 9 low.
  • On the data front today, same-store sales data for April are expected later. Sales rose by 7.9% y/y in March. Nominal wages for April may also cross later.
    • April ANTAD Same-Store Sales YoY, prior 7.9%
  • Meanwhile, ruling party presidential candidate Claudia Sheinbaum is due to hold a rally in the Mexico City borough of Iztapalapa at 1300BST(0800ET).