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Banxico Minutes, Officials In Washington

MEXICO
  • Mexico’s central bank will release the minutes from its March 30 rate decision at 1600BST/1100ET. At this meeting, the BAnxico committee decided to hike the overnight target rate by 25bps to 11.25%. The full MNI review of this meeting is here: https://roar-assets-auto.rbl.ms/files/52296/MNI%20Banxico%20Review%20-%20March%202023.pdf
  • The Mexican peso has been lagging its regional peers this week, however, USDMXN continues to trade towards the bottom of its most recent range, just above the 18.00 handle. Focus remains on key support at 17.8981, the Mar 9 low.
  • US, Mexico officials to continue holding high-level dialogue on security in Washington.

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