MNI: Canada Has CAD2.9B Q1 Budget Deficit Vs Prior Surplus

CANADA Q2 ANNUALIZED GDP +2.1% VERSUS +1.7% EXPECTED

MNI China Daily Summary: Friday, Aug 30

MNI BRIEF: China Aug PMI Contracts For Fourth Straight Month

MNI: US JUL PERSONAL INCOME +0.3%; NOM PCE +0.5%

MNI BRIEF: PBOC Bought Net CNY100 Billion CGBs In August

MNI: BAKER HUGHES US RIG COUNT 583; OIL RIGS 483; GAS RIGS 95

EZ/UK Bond Supply Calendar: UK, ESM Syndis; AS, DE Due Tuesday

MNI Chicago Report™: 27% Have Contingency Plans Due to Adverse Weather

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Clouthier Speaks On USMCA Pact, USDMXN Edges Higher

MEXICO
  • USDMXN has edged higher overnight, extending yesterday’s firm bounce. Renewed weakness in equities and the subsequent supportive price action for the greenback boosted USDMXN on Tuesday with the pair rising just over 1%.
    • Following the latest breach of both the 20- and 50-day EMAs to the downside the risk of a deeper retracement near-term had increased. Despite this, the pullback is considered corrective overall and key resistance remains unchanged at 20.7014, of which a break would confirm a resumption of bullish activity.
  • Economy Minister Tatiana Clouthier speaks at a panel to discuss the achievements, challenges and future of the USMCA trade agreement at 3:30pm Mexico City time.
    • As a reminder, reports have circulated that the US is preparing to escalate its complaints that Mexico’s state-favoring energy policies violate the nations’ free-trade agreement, people familiar with the matter said, a move that may risk exacerbating tensions between the countries’ governments.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.