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USDMXN Bounces From Short-Term Support Around 20.25

MEXICO
  • USDMXN bounces from 20.25 support, coinciding with the 200-day moving average. Price action in equities adding a tailwind to the Peso. On the upside, resistance is seen at 20.7603, Jan 6 high.
  • Retail association ANTAD holds press conference to release same-store sales for December and its 2022 outlook at 11am.
  • Central bank to announce auction results of:
    • 10b pesos of 28-day Cetes, 10b pesos of 91-day Cetes
    • 7.5b pesos of 175-day Cetes, 7.5b pesos of 357-day Cetes
    • 5b pesos of Bondes F due Jan. 2023, 5.5b pesos of Bondes F due Jan. 2024, Jan. 2025
    • 3.5b pesos of Bondes F due Dec. 2026, 7b pesos of Mbonos due March 2027
    • 850m udis of inflation-linked bonds due Nov. 2031

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