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Peso Trades On Front Foot, Energy Reform In Pipeline

MEXICO
  • Broad dollar weakness keeps MXN underpinned with USDMXN continuing the unwind from last week's highs above 20.40 and trickling back below the 20.00 handle.
  • Yesterday's comments from AMLO highlight lingering risks surrounding his energy reform initiatives, however, the short-term focus revolves around tomorrow's US employment data.
  • Today, Moody's Investors Service will hold an event on its outlook for Mexico's sovereign credit in the short and medium term. Finance Minister Rogelio Ramirez de la O scheduled to speak on panel with Moody's Mauro Leos at 8:40am Mexico City time.
  • Consumer confidence data scheduled for 1200BST.

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