MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

RPT-MNI INTERVIEW: ISM Choppiness Not A Clear Signal For Worry

MNI: PBOC Net Drains CNY98 Bln Via OMO Thurs; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1305 Thurs; -0.79% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

Factory Orders Decline as Non-EU Orders Dip

DMP survey increases probability of August cut

MNI: UK JUNE CONSTRUCTION PMI 52.2 (FCST: 54.0); MAY 54.7

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDMXN Breaches Short Term Resistance Above 20.20

MEXICO
  • Higher US yields and a firmer dollar placing pressure on the Mexican Peso with USDMXN breaching initial resistance through last week's highs at 20.20. More meaningful resistance comes into play at 20.4564, Aug 20 high.
  • Banxico the main event of the week this coming Thursday where the majority of analysts expect a quarter point hike to 4.75%. The full MNI preview wit analyst views will be published this afternoon.
  • Also on todays docket, unemployment rate NSA is due at the top of the hour, expected at 4.38%. Mexico's central bank will also publish international reserves for the week that ended Sept. 24. Reserves fell by $136m to $198.4b the previous week.
  • 1400BST/0900ET: Finance Ministry to hold call with investors on 4Q bond calendar
  • 1730BST/1230ET: Central bank to announce auction results of:
    • 5b pesos of 28-day Cetes, 12b pesos of 91-day Cetes
    • 13b pesos of 175-day Cetes, 10b pesos of 357-day Cetes
    • 2b pesos of Bondes D due Aug. 2026, 9b pesos of Mbonos due March 2027
    • 450m udis of inflation-linked bonds due Nov. 2031
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.