USD/MXN last trades at ~MXN19.0775,....>

MEXICAN PESO: USD/MXN last trades at ~MXN19.0775, ~150 pips higher on the day.

- Mexican Pres. AMLO is seemingly pressuring on Banxico to cut rates to support

growth, per a BBG interview yesterday, which applied some limited pressure to

MXN in late NY trade. This builds into the theme of broader government oversight

re: the country's financial institutions after the former FinMin resigned a few

weeks ago; although AMLO was quick to point to the central bank's independence.

AMLO also pushed back on Trump's requests re: making the country a "safe third

country" for refugees & noted that PEMEX won't get a cash injection as he

doesn't "want to create any reason for instability."

- Elsewhere, early Asia-Pac hours saw Mexican FinMin Herrera note that the gov't

will ready more than $25bn in MXN equivalent to boost infrastructure, investment

& private consumption. Herrera noted that figure includes credits, accelerated

spending of already budgeted funds & money tapped from an infrastructure fund.

- Initial resistance comes in at the 100-DMA (MXN19.1000), with a break exposing

the 50-DMA (MXN19.1565). Conversely, bears look for a move back below the 21-DMA

(MXN19.0466). Consolidation below would allow them to re-focus on MXN19.0000.