MNI: POWELL SAYS PCE INFLATION CAME IN LINE WITH EXPECTATIONS

MNI China Daily Summary: Friday, March 29

MNI: PBOC Injects Net CNY148 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.0950 Fri; -4.70% Y/Y

CHINA PBOC INJECTS CNY150 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0950 FRI VS 7.0948

MNI: US FEB PERSONAL INCOME +0.3%; NOM PCE +0.8%

HICP Tracking at 2.4%Y/Y - One tenth below consensus

HICP 2 tenths softer than expected, but partly on clothing prices

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

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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Price Signal Summary: USDMXN Bulls Return

LATAM FX
  • USDMXN has recovered from recent lows. A bullish theme remains intact following recent gains and attention is on a climb towards a key resistance at 20.4564, Aug 20 high and an important bull trigger. On the downside, clearance of 19.8004, Jul 30 low is required to reinstate a bearish threat. Initial support is at 19.9368, Sep 22 low.
  • The USDBRL needle still points north. Recent gains resulted in a test above resistance at 5.3333, Sep 8 high. A clear break of this hurdle is still required and if seen, would pave the way for strength towards 5.4741, Aug 20 high. Key short-term support has been defined at 5.1163, Aug 31 low. A break would be
  • USDCLP is consolidating. The outlook remains bullish following the recent recovery from 762.13, Sep 1 low. This level represents a key support. Attention is on the bull trigger at 795.73, Aug 9 high. Clearance of this hurdle would confirm a resumption of the uptrend that started May 10 and open 800.00 and 803.49, Oct 15, 2020 high. Initial support is at 777.48, Sep 15 low.
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