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Herrera Meeting On Banxico Plan Postponed

MEXICO
  • USDMXN in very familiar territory just below the 20.00 mark with a continued lack of catalysts to prompt a range break. Markets may look to the FOMC minutes for short-term sentiment in the dollar.
    • Domestically, Mexico's central bank to hold a $400m auction from its swap line with the U.S. Federal Reserve. Maturity is 84 days.
  • Yesterday, it was reported that Arturo Herrera would meet with lawmakers to discuss a plan for the central bank on Thursday. Most recently, El Economista have reported that this meeting has been suspended.
    • Another date for the meeting hasn't yet been set.

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