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Policy
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
USDMXN Bounces After Making Fresh Four-Year Low
- Amid the early continuation of greenback weakness on Thursday, USDMXN briefly breached the key 2020 low of 18.5237 to trade at the lowest level since October 2018. However, the psychological 18.50 mark was enough to contain the pair’s decline, prompting a bounce of roughly one percent throughout Thursday’s US session. A sustained break of 18.50 and 18.4767, the 1.618 projection of the Jul 14 - Sep 12 - Sep 28 price swing, is required to confirm a resumption of the downtrend.
- In politics, Foreign Affairs Minister Marcelo Ebrard is confident in getting the nomination to fight for the country’s presidency in 2024, even as he faces a fierce battle within the ruling party to succeed AMLO.
- Data today at 1200GMT/0700ET: January Consumer Confidence, est. 42.8, prior 42.5.
- Worth noting Banxico’s February meeting take place next week with the decision due on Thursday. As of writing, four analysts have submitted to the Bloomberg survey and all are forecasting a 25bp rate hike to 10.75%.
To read the full story
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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.