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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.
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Free AccessTrade & Current Account Balance Data Scheduled
- Mexico is expected to report a $1.43b trade deficit in April from a surplus of $1.17b the month before, according to economists surveyed by Bloomberg. The data is published at 1300BST/0800ET. Later in the day, current account balance data for the first quarter will also be published.
- April Revised Trade Balance, est. -1.43b, prior 1.17b
- April Exports, prior 53.6b
- April Imports, prior 52.4b
- Q1 Current Account Balance, est. -$9.22b, prior $4.58b
- The Mexican peso outperformed on Wednesday, despite the risk-off sentiment prevailing across global markets. News regarding the government agreeing to pay for a railway line it had appropriated mitigates short-term political uncertainty to an extent.
- The Peso recovery was aided by the technical backdrop, with an earlier note stating that USDMXN has remained below the 50-day exponential moving average, a potentially significant development. This average intersects today at 18.0068.
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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.