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USD/MXN Drifts Lower on $ Selling, TIIE Swaps Firmer

  • USD/MXN taking the next leg lower approaching 20.10 with support at the 20.00 handle below
  • USD/MXN & ZAR trading with similar price action, reflecting a bout of $ selling pulling the BBDXY lower
  • Mexico TIIE Swaps:
    • 1-yr -1 bps at 4.51%
    • 2-yr -1 bps at 4.88%
    • 5-yr -0.5 bps at 5.71%
    • 10-yr -1 bps at 6.52%
    • 32-yr -1 bps at 7.3%
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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