MNI BRIEF: US October Core PCE YoY Rate Rises To 2.8%

MNI NOV CHICAGO BUSINESS BAROMETER 40.2 VS OCT 41.6

MNI China Daily Summary: Wednesday, November 27

MNI BRIEF: Hungarian Banks Strong, But Risks Remain - NBH

RPT:- MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

MNI NOV CHINA MONEY MARKET INDEX 53.5 VS OCT 38.4

EZ/UK Bond Supply Calendar: Italy Auction, Finland ORI Thurs

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Italy Auction, Finland ORI Thurs

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

MEXICO: USDMXN Little Changed As Ebrard Highlights Tariff Impact

MEXICO
EM BulletMexicoBulletEmerging Market NewsNorth America
  • Presenting the government’s report on tariffs today, Economy Minister Marcelo Ebrard said that President-elect Trump’s proposed 25% tariffs would lead to the loss of 400,000 job in the US and push up prices, with pick-up truck prices in the US rising by $3,000. Ebrard said that the tariffs would mainly impact automotive companies operating in Mexico, such as GM, Ford and Stellantis, according to Bloomberg. He also said that the government is working to advance a trade agreement with the EU.
  • USDMXN remains little changed today, with the pair continuing to trade in a tight range, around 20.68 at typing. Resistance to watch remains at 20.8072, the Nov 6 high, clearance of which would confirm a resumption of the uptrend, opening the 21.00 handle.
  • Following the unexpected trade surplus earlier, focus turns to the Banxico quarterly inflation report, due at 1830GMT, including updated forecasts for growth and inflation over the relevant horizon for monetary policy.
154 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.
  • Presenting the government’s report on tariffs today, Economy Minister Marcelo Ebrard said that President-elect Trump’s proposed 25% tariffs would lead to the loss of 400,000 job in the US and push up prices, with pick-up truck prices in the US rising by $3,000. Ebrard said that the tariffs would mainly impact automotive companies operating in Mexico, such as GM, Ford and Stellantis, according to Bloomberg. He also said that the government is working to advance a trade agreement with the EU.
  • USDMXN remains little changed today, with the pair continuing to trade in a tight range, around 20.68 at typing. Resistance to watch remains at 20.8072, the Nov 6 high, clearance of which would confirm a resumption of the uptrend, opening the 21.00 handle.
  • Following the unexpected trade surplus earlier, focus turns to the Banxico quarterly inflation report, due at 1830GMT, including updated forecasts for growth and inflation over the relevant horizon for monetary policy.