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MEXICO: Economy Minister Hosts Event, Tighter Range for USDMXN

MEXICO
EM BulletMexicoBulletGlobalEmerging Market NewsRegion
  • USDMXN has traded in a more confined range on Thursday, following an impressive 2% range in the prior session where the peso recovered from its recent slump. However, the pair is consolidating at elevated levels around 19.60, having advanced over 5% from the mid-August lows as domestic sentiment has soured.
  • Two defections by opposition senators on Wednesday has prompted the ruling MORENA party to edge extremely close to the two-thirds majority in both houses of Congress. This is potentially not a positive development, given the negative rhetoric around the progress of judicial reform in recent sessions.
  • Economy Minister Raquel Buenrostro hosts event on small and medium-size digital businesses in Mexico City at 1230 local time. Net outstanding loans and public balance figures are scheduled for the rest of the week. The finance ministry is scheduled to sell MXN1b of 2029 Floating Bonds; MXN1b of 2027 Floating Bonds.
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  • USDMXN has traded in a more confined range on Thursday, following an impressive 2% range in the prior session where the peso recovered from its recent slump. However, the pair is consolidating at elevated levels around 19.60, having advanced over 5% from the mid-August lows as domestic sentiment has soured.
  • Two defections by opposition senators on Wednesday has prompted the ruling MORENA party to edge extremely close to the two-thirds majority in both houses of Congress. This is potentially not a positive development, given the negative rhetoric around the progress of judicial reform in recent sessions.
  • Economy Minister Raquel Buenrostro hosts event on small and medium-size digital businesses in Mexico City at 1230 local time. Net outstanding loans and public balance figures are scheduled for the rest of the week. The finance ministry is scheduled to sell MXN1b of 2029 Floating Bonds; MXN1b of 2027 Floating Bonds.