Free Trial

Lower House Passes Hydrocarbons Bill

MEXICO
  • President AMLO's controversial proposal to tighten control over the country's fuel market has cleared the lower house of congress and the hydrocarbons bill will now head to the senate. This comes a day after the lower house passed a bill to regulate outsourcing. Both of which have the potential to dent business confidence and undermine the recovery.
  • *USDMXN continues to trade with a heavy tone. Psychological 20.00 has capped Peso strength so far, however, more notable short-term support in USDMXN comes in at February lows 19.8924.
    • Banxico Governor Alejandro Diaz de Leon continued to state that Mexico's high inflation is still likely to be transitory.
    • Vice President Kamala Harris said on Wednesday she intends to visit Mexico and Guatemala soon as part of her plan to use diplomatic efforts to slow migration to the U.S.-Mexican border.
  • *11am local time: El Financiero hosts event with pollsters Lorena Becerra, Alejandro Moreno and Roy Campos to discuss the outlook for Mexico's midterm elections.
  • *Once again, no data releases for Mexico today.

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.