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Parametria Poll Sees Morena Close To Super-Majority

MEXICO
  • USDMXN broadly unchanged overnight after briefly popping above 20 amid firmer dollar indices. Main event today is the release of the Central Bank's quarterly inflation report, with markets focusing on updated forecasts for both inflation and growth.
  • The latest pre-election poll from Parametria indicates Morena being close to retaining its lower house super-majority – in what would be a stronger result than consensus expectations.
    • The president's Morena party will hold 48% of the lower house of Congress with 239 seats, slightly short of its current 253, Parametria said in a survey shared with Bloomberg News. Lopez Obrador's coalition will take 315 seats when combined with its allied Green Party and Worker's Party, just below the 334 required for the super-majority, according to the poll. (BBG)
  • Local news: *Mexico's leftist ruling party has dropped plans to nationalize lithium production and is now pushing to welcome private investors to help develop the country's potential in the metal used to make batteries, the senior lawmaker behind the proposal told Reuters.

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