BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI BRIEF: Limited Economic Impact Of French Crisis - EC

MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

MNI: US JOBLESS CLAIMS +9K TO 224K IN NOV 30 WK

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

MEXICO: August Leading Indicators Due, Sheinbaum Press Conference

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • USDMXN is trading in a relatively tight range around 19.45 so far on Thursday, ahead of President Sheinbaum’s latest press conference at 1400BST(0900ET), following her visit to Acapulco yesterday assessing damage caused by Hurricane John. USDMXN has recently found support but, for now, continues to trade below the August and September highs. The Sep 11 - 18 bear leg is considered corrective with next key support to watch at 19.2324, the 50-day EMA.
  • On the data front today, the calendar is light today, with just the leading indictors for August due at 1300BST(0800ET). Tomorrow, August unemployment figures are expected, before attention turns to September CPI data and the Banxico minutes next week.
    • Aug. Leading Indicators (MoM), prior -0.06
  • In other news, a tropical depression is expected to make landfall in Oaxaca and Guerrero states today, bringing strong rains to coastal areas already affected by Hurricane John.
143 words

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.
  • USDMXN is trading in a relatively tight range around 19.45 so far on Thursday, ahead of President Sheinbaum’s latest press conference at 1400BST(0900ET), following her visit to Acapulco yesterday assessing damage caused by Hurricane John. USDMXN has recently found support but, for now, continues to trade below the August and September highs. The Sep 11 - 18 bear leg is considered corrective with next key support to watch at 19.2324, the 50-day EMA.
  • On the data front today, the calendar is light today, with just the leading indictors for August due at 1300BST(0800ET). Tomorrow, August unemployment figures are expected, before attention turns to September CPI data and the Banxico minutes next week.
    • Aug. Leading Indicators (MoM), prior -0.06
  • In other news, a tropical depression is expected to make landfall in Oaxaca and Guerrero states today, bringing strong rains to coastal areas already affected by Hurricane John.