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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

MEXICO
MEXICO: MXN remains on a tear, with the currency rallying close to 4% against
the USD across October. 19.0585 (this week's low) holds as first support in
USD/MXN, but a break below here opens levels not seen since July at 18.8644.
- The currency remains anchored by the continued improvement of the prospects of
the USMCA deal, with this week's headlines from Undersecretary Seade suggesting
USMCA is "likely" to be approved in the coming months helping matters further.
The expected approval of USMCA has also fed well into Vol markets, helping
keeping short-end implied vol tenors muted - today saw 1m contract near the
lowest since 2014.
- Focus turns to Mexican GDP data due next week, expected to improve to 0.5% Y/Y
and 0.2% Q/Q.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com