Free Trial

BCB Focus Survey, Mexico Industrial Ouput

LATAM
  • Brazil central bank’s latest Focus survey of expectations will precede Mexican industrial & manufacturing output data for July. Brazil August inflation on Tuesday and the Peru central bank decision on Thursday highlight this week’s LatAm calendar.
  • MNI (Beijing) - The PBOC pledged to ensure the stability of the yuan exchange rate as the currency slumped to its weakest level since 2007 against the U.S dollar. According to a statement the financial regulator “has the ability, confidence, and conditions to maintain the basic stability of the yuan exchange rate”, and the PBOC will “take action when necessary” to correct any one-way and pro-cyclical transactions and “firmly guard against the risk of exchange-rate overshot.”
  • BOJ Governor Ueda said it’s possible the central bank will have enough information and data by the year-end to judge if wages will continue to rise, a condition for adjusting stimulus, according to an interview with the Yomiuri newspaper.
  • Both the JPY and CNH have rallied in response, key factors weighing on the greenback on Monday, with the USD index 0.4% below Friday’s close. Data points are few and far between, with the speakers slate also quiet as both the ECB and Fed are within their pre-decision media blackout periods.

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.