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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.
MXN
- Subdued price action immediately following the combined announcement of the Fed, OCC and FDIC to not extend the relief from the SLR. US Dollar now starting to catch a bid against MXN, bouncing from 20.25/30 support area, as 10-yr yields approach 1.75%.
- Worth noting consistent selling in EURMXN throughout March, contributing to recent Peso resilience, roughly 6% off the highs for the month. A close below 24.40 would be the first close back below the 100-day MA since 17 Feb. A prominent cluster of horizontal support at 24.1450, that was once again tested today, as well as fading equity indices may work against the Peso heading into the close.
MNI/Bloomberg
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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