CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Price Signal Summary: Volatile Price Swings In USDMXN

LATAM FX
  • USDMXN has traded in a volatile manner over the past 48-hours. A key short-term resistance has been defined at 20.8335, yesterday’s high. The reversal from this level suggests scope for a deeper short-term pullback and attention is on support at 20.2080, the Jul 29 low. A break would signal scope for a deeper pullback towards the 20.00 handle. On the upside, clearance of 20.8335, would expose 21.0535, the Jul 14 high.
  • USDBRL found support this week at 5.1298, the Aug 1 low. This means that for now, the pair has also found support just below the 50-day EMA. Trend conditions remain bullish and recent weakness is considered corrective. A strong reversal to the upside would open 5.5142, the Jul 21 high and a bull trigger. Sub 5.1298 levels would instead highlight a bearish threat and expose 5.1026, the 50.0% retracement of the May 30 - Jul 21 upleg, and potentially 5.0055, the 61.8% retracement.
  • USDCLP continues to trade closer to its recent lows. A resumption of weakness and break of 884.75, Aug 1 low, would confirm a continuation of the current bear leg and open 853.40, the Jun 15 low. Initial firm resistance has been defined at 970.08, the Jul 22 high. A break is required to reinstate a bullish theme.
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.