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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.
MEXICO
- Mexico's government claimed Tuesday that it is leading a transition to more renewable energy, even though President AMLO is pushing to restrict private wind and solar projects.
- In a statement following a visit by U.S. climate envoy John Kerry, Mexico said it was seeking to cooperate with the United States on renewable energy. But many of the wind and solar electrical plants that López Obrador wants to limit were built by U.S. or Spanish firms. (AP)
- The future surrounding the electricity reform appears uncertain, with the lower house expecting to vote on it in December. Analysts continue to believe the polices could endanger Mexico's compliance with existing carbon reduction commitments. The president maintains that increased hydroelectric capacity will allow Mexico to meet those goals.
- MXN will likely be driven by broader risk-sentiment in the short-term and has outperformed in recent sessions amid a more positive sentiment backdrop. USDMXN resides around the September 20 high at 20.20 and just above a cluster of moving averages, highlighted below.
- Nothing on the economic data front, however, Citibanamex Survey of Economists will be released
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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