November 16, 2022 12:32 GMT
US Federal Court Border Ruling, USDMXN Consolidates
MEXICO
- USDMXN had a brief pop on the Ukraine news late on Tuesday, however, the Peso has recovered in line with global risk sentiment. The pair is now consolidating in close proximity of the most recent lows of at 19.25. The focus below here is on 19.1560, the Mar 3 2020 low ahead of 19.0000.
- The Biden administration is barred from using a pandemic-era border expulsion policy known as Title 42 after a federal court on Tuesday ruled the restriction is unlawful—a decision likely to snarl immigration politics and create uncertainty at the US-Mexico border. (Bloomberg)
- There are no major Mexican data releases this week, however, there are multiple events scheduled today:
- Cemex Day in New York
- Second day of energy event “Encuentro Internacional de Energia Mexico 2022” (EIEM 2022)
- Inauguration of 2-day Amafore event in Mexico City; details here: https://encuentroamafore.mx/general-agenda/
- Central bank to offer 25b of Cetes and Bondes F in extraordinary auction
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