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Focus Firmly On Thursday's CPI Data and Banxico Minutes

MEXICO
  • Little price action to report since Sunday's open with USDMXN marginally higher, despite some action in G10FX.
  • Technical conditions remain bearish with the June lows the next major obstacle around 19.60.
  • Gross fixed investment and weekly reserves data due today, however markets will have their focus on Thursday where we will see the June CPI figures. Additionally, on Thursday Banxico will publish the minutes from the June meeting where the board hiked rates unexpectedly.

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