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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.
MEXICO
- USDMXN extending the move north, following the break of short-term resistance at 20.2039 earlier today.
- Additionally, the pair is currently breaching the short-term downtrend line across the June and August highs earlier this year, as indicated below.
- A sustained move above here may target the 20.4564, Aug 20 high and key resistance. Initial support remains just ahead of the 20.00 mark in the form of the 50/100 day moving averages before more notable support at 19.9368.
- Mexico TIIE Swaps Curve bear steepening in line with US yields:
- 1-yr +7 bps at 5.88%
- 2-yr +9 bps at 6.44%
- 5-yr +11 bps at 7.12%
- 10-yr +12 bps at 7.49%
- 32-yr +14 bps at 8.1
MNI/Bloomberg
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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