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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
- USDMXN has retreated a further half a percent on Wednesday and has delivered a fresh cycle low. The trend remains lower and today’s resumption of the downtrend, together with the recent breach of 20.00, reinforces this condition.
- The Sep 13, 2021 low at 19.8486 has briefly been tested, a sustained break of which may target the June ’21 lows at 19.5987. Resistance to watch remains far out at 20.4125, the 20-day EMA.
- Remittances data is due Friday, alongside the latest Banxico survey of economists.
- Latest headlines: Mexico's Financial Stability Council updates balance risks:
- Mexico weak consumption, local investment persists (BBG)
- Pemex risk mitigated via govt. measures, oil prices (BBG)
- Mexico financial system shows resilience (BBG)
- Fitch Ratings: High Oil Prices Benefit Mexico’s PEMEX but Pose Budget Risks
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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