MNI China Daily Summary: Friday, November 22

UK NOV FLASH MANUF PMI 48.6 (FCST: 50.0); OCT 49.9

EUROZONE NOV FLASH MANUF PMI 45.2 (FCST: 46.0); OCT 46.0

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

GERMANY NOV FLASH MANUF PMI 43.2 (FCST: 43.0); OCT 43.0

FRANCE NOV FLASH MANUF PMI 43.2 (FCST:44.5); OCT 44.5

MNI: GERMANY Q3 FINAL GDP 0.1% Q/Q (VS FCST 0.2%)

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

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Price Signal Summary: USDMXN Maintains A Weaker Tone

LATAM FX
  • USDMXN is consolidating but remains weak. A bearish theme dominates with attention on 19.8004, Jul 30 low. A break 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 unchanged at 20.4564, Aug 20 high. Initial resistance is 20.0282, the 50-day EMA.
  • USDBRL failed to hold onto the Sep 8 gains. The sharp reversal refocuses attention once again on key short-term support at 5.1163, Aug 31 low. A break off this near-term bear trigger would signal a resumption of bearish pressure and open 5.0416, Jul 29 low. Initial resistance is at Wednesday's high of 5.3333, Sep 8 high. The key bull trigger is unchanged at 5.4741, Aug 20 high.
  • USDCLP maintains a bullish tone following last week's gains. The focus remains on 795.73, Aug 9 high and the bull trigger. A break would confirm a resumption of the uptrend that started May 10 and open 800.00 and 803.49, Oct 15, 2020 high. Key support is at 762.13, Sep 1 low.
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