MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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).