MNI BRIEF: China June CPI Hits Three Month Low

RBNZ MPC SAYS OCR "HAS SIGNIFICANTLY REDUCED CPI"

MNI: RBNZ LEAVES OCR AT 5.5%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1342 Weds; -0.53% Y/Y

Headline CPI Ticks Down To 0.2% Y/Y, PPI In Line

CHINA JUNE FOOD PRICES -2.1% Y/Y VS -2.0% Y/Y MAY

CHINA JUNE CPI +0.2% Y/Y VS MEDIAN +0.4%; MAY +0.3% Y/Y: NBS

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD/MXN has ticked higher and last.....>

MEXICAN PESO
MEXICAN PESO: USD/MXN has ticked higher and last trades at MXN22.8432, 480 pips
better off, as the greenback has firmer up. Focus turns to a monetary policy
decision from the Banxico, scheduled for later today. Consensus expectation of
analysts surveyed by BBG is for a 50bp cut to benchmark interest rate.
- In the lead-up to the central bank's MonPol decision, Mexico reported
above-forecast CPI inflation on Wednesday.
- Elsewhere, Mexican President AMLO said he will probably meet with U.S.
President Trump soon. He added that he would like Canadian PM Trudeau to join
the meeting, in order to formally launch the tripartite USMCA trade deal.
- USD/MXN has already punched through yesterday's highs and bulls continue to
target Jun 12 high of MXN22.9452. A break above that level would open up the
50-DMA at MXN23.1639. Bears look for a pullback under the 100-DMA, last at
MXN22.3961, which has provided support in the recent days. Below there would
expose Jun 16 low of MXN21.8940.
- Worth flagging that Mexico reports retail sales data later today, with trade
balance due on Friday.
MarketsFixed Income BulletsForeign Exchange Bullets
MarketsFixed Income BulletsForeign Exchange Bullets

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.