FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

MNI China Daily Summary: Thursday, July 11

MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

US EIA:NAT GAS STORAGE +65 BCF TO 3,199 BCF JUL 05 WK

Core Goods Above-Expected, But Headline Weakest Since Pandemic(2/2)

CPI Miss Driven By Comprehensively Slower Services Inflation (1/2)

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Diaz de Leon Explains Government Would Need To Buy Reserves To Pay Debt

MEXICO
  • Data indicates that investors added to their short MXN positions for the first time in three weeks, according to latest CFTC report.
    • Non-commercial investors were short MXN to the tune of 23,887 contracts as of Aug. 10 vs 21,297 short contracts a week prior. Important to note, this was before the Banxico August rate decision, where rates were raised to 4.5% in a 3-2 split decision.
  • *Mexico Would Have to Buy Reserves to Pay Debt (BBG)
  • Clearing up the comments made by President AMLO last week, Banxico Governor Diaz de Leon explained the Government would need to purchase funds from the central bank to pay debt.
    • The IMF's transfer to the central bank of the recently-approved reserves, worth roughly $12 billion, isn't a "donation," Diaz de Leon said in an interview late Thursday.
  • *Biden's Halt Of Trump Immigration Restriction Blocked By Judge (BBG)
  • A federal judge ordered the Biden administration to revive a controversial policy begun under former President Donald Trump that forces immigrants seeking U.S. asylum at the southern border to wait in Mexico while their applications are pending.
    • It's another setback for President Joe Biden following a January ruling by a different judge in Texas that temporarily blocked the new administration's plan to pause deportations of undocumented immigrants for 100 days.
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.