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Focus On Mid-Month CPI and Unemployment Data

MEXICO
  • USDMXN spent the majority of yesterday's session pinned to 19.90 as the Brazil holiday and pre-ECB calm squandered any volatility in the local currency. A brief blip up to 19.98 this morning on some dollar strength is gradually reversing. The short-term range seems to be defined as 19.80-20.20, while technically the pair maintains a bearish tone.
  • Focus today is on the Bi-weekly CPI number:
    • 1200BST/0700ET – Mexico Bi-Weekly CPI Estimate -0.08% m/m vs 0.28% prior
    • 1200BST/0700ET – Mexico Bi-Weekly CPI Estimate 5.91% y/y vs 5.22% prior
    • 1200BST/0700ET – Mexico Bi-Weekly Core CPI Estimate 0.14% m/m vs 0.2% prior
    • 1200BST/0700ET – Mexico March Unemployment Rate NSA Estimate 4.1% vs 4.37% prior

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