MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: PBOC Net Injects CNY57 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1315 Fri; -0.52% Y/Y

Intermediate PPI Deflation Continues To Fade in June

MNI: GERMANY JUNE PPI  +0.2 % M/M (+0.1% FCAST, 0.0% PRIOR)

Disappointing data but no market reaction

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

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

MXN: USD/MXN Rebounds Over 1%, Back Above 50-Day EMA

MXN
EM Central Bank PreviewLatAm Bank - PreviewEM BulletBank of Mexico - PreviewAnalysisEM Central Bank ReportsMexicoBulletGlobalEmerging Market NewsRegion
  • The firmer greenback this morning has underpinned the rebound for USDMXN, which is over 1% higher at typing and back above the 50-day EMA at 17.7473.
  • Furthermore, heightened odds of a Trump Presidency and greater U.S. protectionism following the assassination attempt over the weekend will likely be providing an additional headwind to the peso given its sensitivity to US political risk.
  • Note that President-elect Claudia Sheinbaum will speak to journalists at 18:00BST/11:00 local time in Mexico, according to a statement from her office. The topic of the press conference wasn’t released.
89 words

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.
  • The firmer greenback this morning has underpinned the rebound for USDMXN, which is over 1% higher at typing and back above the 50-day EMA at 17.7473.
  • Furthermore, heightened odds of a Trump Presidency and greater U.S. protectionism following the assassination attempt over the weekend will likely be providing an additional headwind to the peso given its sensitivity to US political risk.
  • Note that President-elect Claudia Sheinbaum will speak to journalists at 18:00BST/11:00 local time in Mexico, according to a statement from her office. The topic of the press conference wasn’t released.