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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.
MEXICO
- Risk off moves across global markets are following the formal failure of both Silicon Valley Bank and Signature Bank, with concerns that the Federal package announced by authorities over the weekend falls short of any protection for equity or bond holders. With the market focus turning to any evidence of possible contagion across the global banking sector, European banks have seen sharp selling since the opening bell.
- USDMXN has been steadily rising on the approach to the US trading session, rising around 1.5% to 18.80, an impressive 900 pips off last week’s low print. However, the most significant move has been seen against the Japanese yen, with safe haven currencies the notable outperformers. MXNJPY is currently down 3.1%, reversing the bulk of February’s grind higher for the pair.
- Mexico will post industrial and manufacturing production for January at 1200GMT / 0800ET:
- Jan. Industrial Production SA MoM, prior 0.7%
- Jan. Industrial Production NSA YoY, prior 3.0%
- Jan. Manuf. Production NSA YoY, prior 2.7%
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.
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