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USDMXN Back in Familiar Territory Around 20.00

MEXICO
  • Amid the broad greenback weakness from late last week, USDMXN printed 19.9432 overnight, but has staged a small recovery amid the firmer USD on Wednesday. Despite the sharp pullback from last week, a bullish technical outlook remains in place. On the downside, key support to watch lies at 19.7533, the Sep 12 low. A break would be a bearish development.
  • 13005BST/0805ET: Mexico to sell 1.6b pesos of floating 2025 bonds, 1.6b pesos of floating 2027 bonds and 1.4b pesos of floating 2029 bonds.
  • September consumer confidence data today is expected to dip to 40.2 from 40.9 in August. Banamex Survey of Economists is also scheduled.
  • Mexico September inflation data is scheduled for Friday where annual Core CPI is expected to rise to 8.34%.
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  • Amid the broad greenback weakness from late last week, USDMXN printed 19.9432 overnight, but has staged a small recovery amid the firmer USD on Wednesday. Despite the sharp pullback from last week, a bullish technical outlook remains in place. On the downside, key support to watch lies at 19.7533, the Sep 12 low. A break would be a bearish development.
  • 13005BST/0805ET: Mexico to sell 1.6b pesos of floating 2025 bonds, 1.6b pesos of floating 2027 bonds and 1.4b pesos of floating 2029 bonds.
  • September consumer confidence data today is expected to dip to 40.2 from 40.9 in August. Banamex Survey of Economists is also scheduled.
  • Mexico September inflation data is scheduled for Friday where annual Core CPI is expected to rise to 8.34%.