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Inflation's Downward Trajectory Will Be Difficult And Prolonged: Heath

MEXICO
  • Inflation will peak sometime in the second quarter of the year, but the downward trajectory after will be “difficult and prolonged,” said central bank deputy governor Jonathan Heath in an interview with Radio Formula.
  • Economy Minister Tatiana Clouthier to head event on relaunching trade information service website - 4pm Mexico City time.
  • An extremely light domestic data calendar this week following last week’s Banxico decision, with only Friday’s Banamex economist survey of note. This should likely leave USDMXN at the mercy of broader risk/greenback sentiment.
    • Given the breach of the 20 handle, a further resumption of bearish activity places the focus on key support at 19.7274, Apr 4 low.

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