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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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Free AccessMXNJPY Continuing Ascent, Budget Balance Due
- Focus today on the US data docket will be on initial jobless claims and the MNI Chicago PMI.
- The Mexican Peso continues to trade with a bid tone amid following the December Banxico decision and the firm price action for global equity indices amid improved risk sentiment.
- As noted yesterday, MXNJPY has been firmly trending higher. The string of positive sessions has resulted in MXNJPY currently testing above the November highs around 5.5856.
- Further strength may target the downtrend resistance (drawn from the 2020 high) around 5.6350.
- Mexico will release the year-to-date budget balance through November after the country’s deficit reached 351b pesos through October.
- Agreement for the sale of operations in Costa Rica and El Salvador was signed with Cementos Progreso Holdings, through its subsidiaries, Cemex says in filing.
To read the full story
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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.