Free Trial

Bi-Weekly Core CPI Expected To Dip Slightly To 7.21%

MEXICO
  • Despite the next Banxico decision being a month away, the most recent vote split combined with recent comments from deputy governor Jonathan Heath surrounding a 75bp increase places importance on today’s mid-month CPI readings.
    • USDMXN made a Monday low at 19.7735, notably holding above key support at 19.7274, the Apr 4 low.
  • Data scheduled for 1200BST/0700ET:
    • May Bi-Weekly CPI, est. -0.08%, prior 0.18%
    • May Bi-Weekly CPI Y/y, est. 7.57%, prior 7.65%
    • May Bi- Weekly Core CPI, est. 0.28%, prior 0.27%
    • May Bi-Weekly Core CPI Y/y, est. 7.21%, prior 7.27%
  • Second day of Chatham House Event. Speakers include Finance Minister Rogelio Ramirez de la O, central bank Deputy Governor Jonathan Heath and Deputy Finance Minster Gabriel Yorio.
  • Mexico’s Foreign Minister Marcelo Ebrard said it would be a mistake to expel Russia from the G20, as it would give less opportunity to influence the country, speaking on Monday.
    • Ebrard also stated Mexico is seeking more investment from Gulf sovereign wealth funds.

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.