Free Trial
COMMODITIES

Crude Oil Consolidates Yesterday's Corrective Bounce

EURJPY TECHS

Corrective Cycle Still In Play

USDJPY TECHS

Holding On To Its Recent Gains

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

July Retail Sales Print Above Estimates

MEXICO
  • A firm +0.9% rise for monthly retail sales in July, compared to -0.3% in June is a welcome indicator for activity in Mexico.
    • MEXICO JULY RETAIL SALES RISE 0.9% M/M; EST. +0.3% (BBG)
    • MEXICO JULY RETAIL SALES RISE 5.0% Y/Y; EST. +4.7% (BBG)
  • The domestic data focus turns to mid-month inflation due on Thursday where annual core inflation is expected to rise to 8.26% from a prior reading of 8.13%.
  • USDMXN continues to track either side of the 20.00 mark, firmly centred between 19.75 support and 20.30 resistance.
85 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • A firm +0.9% rise for monthly retail sales in July, compared to -0.3% in June is a welcome indicator for activity in Mexico.
    • MEXICO JULY RETAIL SALES RISE 0.9% M/M; EST. +0.3% (BBG)
    • MEXICO JULY RETAIL SALES RISE 5.0% Y/Y; EST. +4.7% (BBG)
  • The domestic data focus turns to mid-month inflation due on Thursday where annual core inflation is expected to rise to 8.26% from a prior reading of 8.13%.
  • USDMXN continues to track either side of the 20.00 mark, firmly centred between 19.75 support and 20.30 resistance.