Free Trial

Shine Taken Off Peso Amid Equity Weakness, Focus On CPI Thursday

MEXICO
  • USDMXN made fresh lows overnight of 19.7850 before a bout of equity weakness prompted the USD to recover and sour the mood somewhat in EMFX. No major local data points or event risk should keep global themes driving the Peso, before mid-month CPI is released on Thursday. On the upside, the first notable resistance is at 20.2427, Apr 13 high.
  • 11:30am local time: Central bank to announce auction results of:
    • 5b pesos of 28-day Cetes
    • 7.4b pesos of 91-day Cetes
    • 13.5b pesos of 182-day Cetes
    • 11.5b of 350-day Cetes
    • 11b of Bondes D
    • 10.5b pesos of Mbonos due May 2031
    • 580m udis of inflation-linked bonds due Nov. 2035

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.