MNI BRIEF: BOI Sees "Modest" Q2 EZ Growth Driven By Services

MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

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

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

MNI: BAKER HUGHES US RIG COUNT 584; OIL RIGS 478; GAS RIGS 100

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.10B BSL

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

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

USDMXN 1.5% Off Wednesday Lows, Bi-Weekly Inflation Due

MEXICO
  • Events overnight naturally weighing on emerging market FX and in turn, USDMXN has seen a 1.5% squeeze from Wednesday’s lowest point.
  • With the focus perhaps turning to the topside amid potential further dollar strength and weighing risk sentiment, the most obvious resistance point remains unchanged at 20.9141. A break of the level would highlight a potential reversal from the most recent bearish technical outlook.
  • We do have some domestic data points at the top of the hour that will likely be inconsequential, given the more prominent global drivers in play.
  • Inflation in the first half of February is expected to have accelerated to 7.17% y/y from 7.01% previously, in what would be the first uptick since it started to moderate in the latter half of November. Additionally, Banxico minutes will be released later in the day.
    • 1200GMT/0700ET: Feb. Bi- Weekly Core CPI, est. 0.33%, prior 0.35%
    • 1200GMT/0700ET: Feb. Bi-Weekly Core CPI YoY, est. 6.42%, prior 6.30%
    • 1200GMT/0700ET: Feb. Bi-Weekly CPI, est. 0.37%, prior 0.39%
    • 1200GMT/0700ET: Feb. Bi-Weekly CPI YoY, est. 7.17%, prior 7.01%
    • 1200GMT/0700ET: Dec. Retail Sales MoM, est. 0.3%, prior 0.9%
    • 1200GMT/0700ET: Dec. Retail Sales YoY, est. 6%, prior 5.4%
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.