RBA SAYS SOME UPSIDE INFLATION RISKS HAVE EASED.

MNI: RBA LEAVES CASH RATE AT 4.35%

CHINA NOV EXPORTS +6.7% Y/Y VS MEDIAN +8.9% Y/Y: CUSTOMS

MNI: CHINA YTD EXPORTS +6.7% Y/Y IN YUAN TERM: CUSTOMS

MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LATAM FX: Mixed Performance for LatAm Currencies, USDMXN Rises 0.90%

LATAM FX
  • The renewed JPY strength to start the week is likely weighing on the Mexican peso, as MXNJPY extends its pullback from the previously touted Fibonacci level and psychological resistance at 8.00. As such, USDMXN stands higher on the session, rising 0.90% and testing above the prior breakdown level around 18.78/80.
    • While the pair did weaken below the 20-day EMA last week, USDMXN has risen back above this point, intersecting today around 18.74, keeping a bullish theme in tact for now.
  • In contrast, the likes of BRL and CLP opened modestly firmer and now rest closer to unchanged on the session, with the Real briefly benefitting from a hawkish adjustment to 2025 selic rate forecast in the latest BCB Focus survey. The Chilean peso may have benefitted from in line GDP data, that continued to show the economy growing at 1.6% Y/y in the second quarter, as well as rising copper prices to start the week. However, USDCLP losses to 935 have quickly been recovered.
EM BulletBulletGlobalEmerging Market NewsRegion
EM BulletBulletGlobalEmerging Market NewsRegion

To read the full story

Close

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.