January 13, 2025 11:43 GMT
MEXICO: President Sheinbaum Expected To Present Trade Plan Today
MEXICO
- President Sheinbaum will present a government plan known as “Plan Mexico” to strengthen North America trade from 1700GMT(1200ET). As reported last week, the plan aims to boost the economy with public, private and mixed investment projects under a new scheme that will raise production and reduce reliance on imports from Asia.
- Separately, the Energy Ministry will hold public consultations on the government’s energy plan today, with the consultations taking place in Tampico, in Tamaulipas state. On the data front, December nominal wage figures and ANTAD same-store sales are due in the coming days, possibly today. The focus on the domestic calendar this week, however, will be on October gross fixed investment and private consumption, due Wednesday.
- After rallying 1% on Friday, following the strong US employment data, USDMXN has edged up by another 0.35% to 20.79 today, narrowing the gap on the cycle highs around 20.90, which may come back into focus as the Trump administration takeover nears and tariff risks evolve. A break of these highs would resume the uptrend and expose the 21.00 handle initially.
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