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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.
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Free AccessMNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
Governor Rodriguez Says Banxico Could Intervene If Volatility Becomes Extreme
- Banxico Governor Rodriduez said yesterday that the central bank could intervene to restore order if FX volatility ever becomes extreme. She said that possible intervention mechanisms include a $30bn FX coverage program that could be deployed by the exchange commission, adding that policymakers aren’t trying to defend a specific level for the currency. Rodriguez also said that the Bank should evaluate with caution the inflationary impact of recent MXN volatility ahead of the June 27 MPC meeting, saying that these effects may not be evident in the short term.
- USDMXN is trading in a tighter range today around 18.70, having made a couple attempts yesterday at the psychological 19.00 mark. Above that level, a cluster of medium-term highs around 19.20 represent significant peso support.
- Today, the US ambassador to Mexico Ken Salazar will hold a press conference at 1800BST(1300ET), following a visit by a US delegation to meet with President-elect Claudia Sheinbaum earlier in the week. No macro data are due, with attention turning to April retail sales next week.
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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.