MNI China Daily Summary: Wednesday, April 17

MNI BRIEF: China To Quicken Project Construction - NDRC

MNI BRIEF:ECB Unifies Interest On Non-Monetary Policy Deposits

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

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

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

MNI: FOREIGN HOLDINGS OF CANADA SECURITIES -8.8B CAD IN FEB

ECB Underlying Inflation Metrics Support June Cut Consensus

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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

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

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary: USDMXN Heads Lower

LATAM FX
  • USDMXN maintains a softer short-term tone following the past week's move lower and is down once again today. Weakness this week has eroded recent bullish conditions and instead highlights a bearish risk. Further downside would expose 19.8004, Jul 30 low. Clearance of this support would expose 19.7059, Jun 25 low and 19.5987, Jun 9 low and a key support. Key short-term resistance is at 20.4564, Aug 20 high.
  • USDBRL continues to consolidate. The pair remains vulnerable following the recent pullback from 5.4741, Aug 20 high. Support at 5.1644, Aug 11 low has been cleared, signalling scope for a deeper pullback towards 5.1107, Aug 5 low and 5.0416, the Jul 29 low. Initial resistance is at 5.2703, Aug 25 high with key resistance and the bull trigger at 5.4741, Aug 20 high.
  • USDCLP on Wednesday cleared support at $768.33, Aug 12 low. The pair has also tested its 50-day EMA at 765.14 where a clear break, if seen, would signal potential for a deeper retracement towards 753.10, the Aug 2 low. Resistance is at 7.8750, Aug 27 high.
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

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.