MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

MNI: NORWAY JUN CORE CPI +0.2% M/M, +3.4% Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Peso A Touch Higher With Risk, June Retail Sales Data Due

MEXICO
  • A better start to the week for risk sees USDMXN 0.32% lower from the open around 20.30. Friday saw some strong price action as the pair broke out above the recent range highs to trade as high as 20.4564. The initial break of 20.25 may now provide immediate short-term support.
  • Ahead today, June retail sales data is due before tomorrow's Aug-15 Bi weekly CPI data, where estimates indicate the annual headline reading should have fallen from to 5.66% from 5,86% previously.
    • 1200/0700ET: Mexico June Retail Sales M/m; est. 0.1%, prior 0.6%
    • 1200/0700ET: Mexico June Retail Sales Y/y; est. 20.4%, prior 29.7%
  • Released late Friday, Citi survey of economists raised the year-end forecast for inflation once more and also predict another 25bps hike from the central bank in September:
    • 2021 year-end inflation raised to 6.05% from 6.00%
    • Banxico seen raising key rate 25bps in September
    • 2021 year-end rate held at 5.00%, 2022 year-end rate held at 5.50%: Citi Survey
    • 2022 year-end inflation raised to 3.78% from 3.68%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.