MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Fresh Trend Lows For USDMXN, Inflation Data Eyed

MEXICO
  • The USDMXN trend outlook remains bearish and the sustained break of key support at 18.50 emboldens the bearish theme. A fresh trend low of 18.3271 briefly placed the pair at the lowest level since April 2018, and signals a growing potential for a move towards more significant support at 17.9401, the 2018 lows. Initial resistance levels to watch are 18.50 and then 18.6499, the 20-day EMA.
  • Tomorrow, bi-weekly inflation data is expected to show the annual core reading declining to 7.81% from a prior reading of 7.88%. Additionally on Thursday, Banxico will release the minutes from its February meeting where they hiked rates by 50bps to 11.00% in a surprisingly hawkish decision.
  • In the minutes, Goldman Sachs have said they will be paying particular attention to discussions about how restrictive monetary policy should be, the real business cycle dynamics and implications related to the anticipation of a deeper FOMC hiking cycle.
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.