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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
MXN, BRL & CLP Feeling The Pinch As Equities Decline
- Most major equity indices extending session lows in recent trade which sees the USD index trade back into positive territory on Wednesday. While intra-day JPY volatility continues to be the focus across G10 FX, the weaker sentiment is more notably weighing on the likes of MXN, BRL and CLP, all posting close to 1% losses as of writing.
- Today’s low in USDCLP closely matched with 807.85, the Jun 3 low with the first resistance point not seen until 845.07, the 20-day EMA.
- Both USDMXN and USDBRL are also posting interesting turnarounds, failing just ahead of noted supports for the pairs at 18.5237 (2020 low) and 5.0108 (Aug 29/30 low and a key support) respectively.
- The Colombian peso and Peruvian Sol are bucking the trend with the former trading resiliently amid the still positive performance for crude futures and the absence of further political deterioration in Peru stabilising PEN for now.
- On Thursday, we have Brazil unemployment, plus Colombia & Argentina trade balances before Mexico retail sales data headlines Friday’s docket.
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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.