MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

US EIA:NAT GAS STORAGE +22 BCF TO 3,231 BCF JUL 19 WK

Core Goods Pipeline Pressures Pick Up On 3m/3m Basis

Aircraft-Led Durables Collapse Masks Rebound In Core Orders

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

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

Mizuho Expect USD/ARS To Rise To 150 By Year-End

ARGENTINA

Mizuho on Argentina:

  • Argentina’s consumer prices rose 3.9% M/m in January, keeping annual inflation above 50% for an eighth consecutive month (50.7%). Mizuho expect inflation to accelerate to 55% this year.
  • Depleted net reserves means that the central bank is running out of ammunition to keep the official exchange rate artificially strong and so the currency is likely to experience a faster depreciation this year. Indeed, the government has allowed the pace of depreciation of the peso to more than double to 2.2% per month. But the gap between the parallel rate and the official exchange rate still remains wide at 100%.
  • Mizuho forecast the currency will end the year at 150 per dollar, representing a 46% fall from last year’s close.
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.