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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.
MXN
Substantial gains in EURMXN , trading up 2.23% on the session.
- The pair is attempting to break a notable downtrend on the daily chart, dating back to April 2020, that also held earlier this week.
- The rise in US yields have put pressure on Emerging Market currencies, with the JPMorgan EM Ccy index down 0.6%. Local developments surrounding central bank rhetoric and the governments' energy initiatives have added headwinds for the Peso.
- So far, the high printed has been 25.38.
- A confirmed daily break could see the pair target a move to a cluster of highs ~26.42.
MNI/Bloomberg
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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