Trial now
USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Retail sales data for July came in below expectations, with sales dropping 0.4% on the month vs. Exp. +0.2%. Similarly, the Y/Y figure ebbed to +9.9% vs. Exp. +11.7%.
  • In a note released late yesterday, Bank of America argued the case for Mexican equities, writing that the quieter electoral year across 2022 will see Mexican markets perform more favourably relative to the rest of LatAm. BofA also cite the more swift recovery in the Mexican labour market, as well as comfortable debt-to-GDP metrics.
  • MXN trades weaker headed into the Friday session, with USD/MXN within range of the September highs at 20.2039, which become first resistance. The MexBol finished higher by 0.1% Thursday, extending the recovery off the week's lows to just shy of 2%.
  • Banxico governor Diaz de Leon speaks Friday, presenting the new 20-peso bill, but may not comment on monetary policy.