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Finance Ministry Press Conference, Pemex Results

MEXICO
  • Pemex are due to report results for the third quarter. The state oil company reported record profit of 131.5b pesos in Q2 due to surging international prices even as its crude output dwindled. The company will hold calls on its results starting at 10am Mexico City time.
  • Finance Ministry to hold press conference on situation of economy and public money (12pm local).
  • USDMXN remains in close proximity to the noted support despite the resurgent greenback. The outlook remains bearish and moving average studies continue to highlight a downtrend. A move through 19.7533, the Sep 12 low, would strengthen bearish conditions and pave the way for a move towards 19.6185, the Jun 10 low.

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