MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1305 THURS VS 7.1312

MNI NBP WATCH: Rates Held As 2024 Outlook Remains Hawkish

MNI BRIEF: ADP's Richardson Sees Pockets of Weakness in US Job Market

Australia May Exports +2.8%; Imports +3.9%

MNI:AUSTRALIA MAY TRADE BALANCE A$+5773

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

May Economic Activity, MXN Back On Surer Footing

MEXICO
  • INEGI is scheduled to publish May’s monthly GDP proxy, which is expected to have grown 3.5% Y/y (from 2.51% in April). Analysts note that industrial production posted a solid expansion in May, driven by a rebound in the construction sector, and the service sector is expected to continue growing, buoyed by the support of a resilient labour market.
    • 1300BST/0800ET: May Economic Activity IGAE MoM, est. 0.28%, prior 0.82%
    • 1300BST/0800ET: May Economic Activity IGAE YoY, est. 3.50%, prior 2.51%
    • 1530BST/1030ET: Fitch holds event to discuss nearshoring, energy sector, among other topics.
  • USDMXN spent very little time above 17.00 on Monday as broad optimism following the China Politburo headlines and a prospering commodity complex fuelled a solid rebound for the Peso. The downside focus remains on 16.4472, the 2.0 projection of the Jun 2 - Mar 9 - Mar 20 price swing.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.