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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.
MEXICO
- USDMXN continues to grind lower, following yesterday’s more aggressive hike and a noted break of the 50-day EMA.
- Currently testing first support at 20.7009, 76.4% of the Nov 9-26 rally.
- This all in the face of heavy equity indices and a firmer greenback suggesting even greater resilience in the peso.
- EURMXN is down 0.8% and is trending towards the horizontal support at 23.3581, the Sep/Nov lows.
- AMLO initial comments at his daily press briefing:
- *Mexico wants to boost trade with U.S. east coast
- *'We have to control inflation'
- *It's important we can control energy prices
- *Mexico's finmin spoke to business group about lowering prices (BBG
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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