MNI BRIEF: NY Fed Survey - Consumers Expect Lower Inflation

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

MNI China Daily Summary: Monday, July 8

MNI BRIEF:PBOC Starts Temporary OMO Tools To Adjust Liquidity

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

MNI: PBOC Sets Yuan Parity Lower At 7.1286 Mon; -0.29% Y/Y

MNI: UK BRC JUN BY VALUE SHOP SALES LFL -0.5% YY, TOTAL -0.2% YY

BRC-KPMG Retail Sales Fell For The First Time (ex Easter Anomaly) Since Jun-22

Consumer Credit Growth Picks Up In May, But Overall Dynamics Subdued

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

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

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Retail Sales Data Due, Greenback Strength Weighs On MXN

MEXICO
  • USDMXN has risen in line with the broad greenback strength over the last 24 hours. Despite bearish technical conditions being bolstered over recent weeks the focus now turns to key short-term resistance that has been defined at 20.8335, the Aug 3 high. Initial resistance is at 20.5004, Aug 4 high.
  • Retail sales likely rose 5.0% in June from a year earlier. A small 0.2% increase is expected for the monthly reading after growth of 0.5% prior and gains in the previous 10 months.
  • State oil company PEMEX and workers union STPRM agreed to a 4% salary increase and a 2.25% boost to benefits, according to a company statement.
  • Mexico’s Finance Ministry sold 158b pesos of Bondes F in a swap auction to extend maturities, according to a central bank announcement.
  • A judge suspended the liquidation of non-bank lender Credito Real SAB in Mexico at the request of a shareholder, as some of the company’s creditors look for it to file Chapter 11 bankruptcy in the US. (Bloomberg)
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