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Minutes/CPI Due Thursday, USDMXN Holds 100-Day MA

MEXICO
  • Markets will eagerly be anticipating the release of March meeting minutes on Thursday, following the central bank's decision to unanimously keep rates on hold. Accompanied on the same day will be the release of the March CPI report, where the annual figure is expected to jump to 4.67% according to Bloomberg estimates.
  • USDMXN is marginally higher since the beginning of the week post holidays and has found firm support at the 100-day MA which comes in at 20.23.
    • Consumer confidence will be released at the top of the hour (Prior reading 38.4)

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