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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.
MEXICO
- USDMXN has risen 2% from last Friday’s close as a mixture of higher US yields and the downward trajectory for major equity indices significantly weighs on the Peso.
- Initial resistance through the 50-day EMA has been firmly breached and challenges the most-recent bearish technical theme for the pair. Intra-day the 200 day moving average has been tested at 20.4126 and remains the focus on Monday.
- - Above here, there is a cluster of highs between 20.47-50 before the April ‘22 highs at 20.6378.
- An extremely light week on the domestic data calendar keeps local assets at the mercy of broader global developments as we approach Wednesday’s FOMC decision and latest summary of economic projections.
- Domestic focus centres around next week’s Banxico decision. Worth noting on Friday, Banxico Deputy Governor Heath said the central bank board hasn’t discussed boosting its key interest rate by 100 basis points. Heath added that he will discuss the possibility of two increases of 75 basis points with his fellow board members.
- 1430BST/0930ET: Monterrey green finance event starts - Deputy Finance Minister Gabriel Yorio scheduled to speak.
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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