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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Emerging Markets
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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 AccessMXN Resilient Despite Greenback Strength
- USDMXN was able to plunge to fresh lows of 19.5065 following yesterday’s Fed decision and despite a significant USD reversal on Powell’s hawkish posture in the press conference, the Peso is performing relatively well.
- The pair remains below the key 19.75 mark which broke on Tuesday and a consolidation below this point will be key for bears. 19.4136, the May 30 low, remains the next target on the downside.
- No major data releases for the rest of the week as markets return from the local holiday on Wednesday. Focus turns to the US jobs report on Friday, which will be the key driver for global markets heading into the weekend.
- Continued pressure on core inflation and a hawkish Fed bolsters the likelihood of Banxico hiking by 75bps to 10.00% at next Thursday’s meeting.
To read the full story
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Please enter your details below.
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.