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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
- Last week, USDMXN gravitated below key support at 19.7274, the Apr 4 low. The clear breach has highlighted an important technical break and confirmed a resumption of a bear cycle that started on Nov 26 last year.
- Subsequently, the pair has fallen below 19.60 and 19.55, notable 2021 lows, which has prompted an extension of the bearish price action to print lows around 19.45 as of writing.
- This represents the lowest level for the pair since briefly after the pandemic began in early 2020.
- The highlight this week will be the release of the central bank inflation report, scheduled for Wednesday.
- Hurricane Agatha is forecast to bring life-threatening hurricane-force winds to the southern Mexican state of Oaxaca, with tropical storm conditions beginning Sunday night or early Monday, according to the US National Hurricane Center.
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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