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Remittances, PMI Manufacturing Data Due

MEXICO
  • USDMXN resides 0.3% higher on the day amid some renewed pressure on equity indices and in line with gains seen in broad dollar indices.
  • Mexico remittances data due at 1500GMT/1000ET. Having hit a record $51.6b in 2021, figures are expected to have eased to $4.34b in January from $4.76b in December.
  • Additional data to be released:
    • 1530GMT/1030ET: Feb. Markit Mexico PMI Mfg, prior 46.1
    • 1800GMT/1300ET: Feb. IMEF Non-Manufacturing Index SA, prior 49.0
    • 1800GMT/1300ET: Feb. IMEF Manufacturing Index SA, prior 48.8

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