MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

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

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

ITALY MAY INDUSTRIAL PRODUCTION +0.5% M/M ; -3.3% WDA Y/Y

Contrasting Momentum Dynamics Underscore Need For July Data

Services Drive Downside Surprise in CPI-ATE

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

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

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

Senate Approval Of Fuel Bill Is Win For AMLO, Retail Sales Due

MEXICO
  • USDMXN unable to recapture the 20 handle remains in a bearish trend. Notably tighter daily ranges over the past two sessions. A break of 19.7850 will be required to buoy the Peso further and target notable support at 19.5494, Jan 21 low.
  • Mexico's senate passed a bill in general terms that would reform the country's hydrocarbons law to give the government more control over the fuel market.
    • Bill will now be signed off by AMLO – passing senate definitely a win for President.
    • Reminder yesterday, Mexican antitrust filed a constitutional challenge vs power bill.
  • In other news, AMLO made a strong push for his tree-planting program, trying to get the United States on board to fund a massive expansion of the program into Central America as a way to stem migration.
    • He suggested the U.S. government offer temporary work visas and eventually citizenship to those who take part in the program.
  • DATA TODAY:
    • 1200BST/0700ET – Mexico Feb. Retail Sales – Estimate 0.8% m/m vs. 0.1% prior
    • 1200BST/0700ET – Mexico Feb. Retail Sales – Estimate -5.7% y/y vs. -7.6% prior
BulletEM BulletEmerging Market News
BulletEM BulletEmerging 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.