Free Trial

Snapshot - USDMXN Holding 20.70 Support, Inflation Data In Focus

LATAM
  • USDMXN is currently holding support at 20.7009, 76.4% of the Nov 9 - 26 rally that was probed Friday.
  • Latam markets will likely be guided by developments in broader risk sentiment, however, the resilience of the Mexican peso in today’s session may be hinting at further MXN strength in the short-term pipeline.
  • Domestic data focus is on Wednesday’s Mexico retail sales report and Thursday’s release of both Brazilian and Mexican Bi-weekly CPI.
  • Below gives key levels of LatAm markets in current trade:
    • USDMXN down 0.33% at 20.76
    • USDBRL up 0.94% at 5.7393
    • USDCLP up 3.6% at 875.18
    • USDCOP down 0.52% at 4007.16
    • USDPEN up 0.34% at 4.051
    • S&P E-Mini Future down 63.5 points (-1.38%) at 4546
    • BBG Commodity Index down 1.041 points (-1.08%) at 95.3807
    • WTI Crude Oil (front-month) down $2.63 (-3.71%) at $68.23

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.