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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.
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Free AccessCanada Join Mexico in USMCA Car Parts Dispute
- Mexico's formal dispute with the US' interpretation of a USMCA rule on vehicle parts has been joined by Canada, turning attention to a meeting due next Thursday between officials from all three countries.
- AMLO has outlined the preferred buyers for Citi's retail Banamex unit, stating that he would prefer a local investor, although foreign bidders will not be banned. AMLO named Banco Azteca, Inbursa and Banorte as bidders in the running.
- There are no notable Mexican data releases or CB speakers on Friday, keeping focus on US releases including retail sales and prelim UMich confidence.
- USD/MXN has drifted lower through Friday morning, with the pair printing lower lows for a seventh consecutive session. The 200-dma underlines key support going forward at 20.2781, which generally held through October last year.
To read the full story
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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.