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Slim, Goldfajn, Banxico Economist To Speak At ITAM Conference

MEXICO
  • The calendar is very quiet in Mexico today, with only an ITAM conference to note, at which Carlos Slim, Banxico chief economist Alejandrina Salcedo and Inter-American Development Bank President Ilan Goldfajn are due to speak (from 1430GMT/0930ET). Data-wise, nominal wages figures for December (+11.6% y/y in November) will be published sometime between today and Tuesday.
  • Yesterday’s reversal lower for US yields across the US session helped USDMXN trade back below the 17.00 handle as bearish technical conditions continue to see peso dips well supported. Moving average studies for USDMXN remain in a bear mode condition too, highlighting a downtrend which may pave the way for weakness towards 16.6262, the Jul 28 low.

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