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USDMXN Continues Rangebound Trade, US Retail Sales In Focus

MEXICO
  • USDMXN continues to trade in a range between 19.80-20.00. A light week for domestic data and event risk should place greater importance on the US retail sales report today and the FOMC minutes on Wednesday.
  • 11:30am: Central bank to post auction results of:
    • 5b pesos of 27-day Cetes, 12b pesos of 91-day Cetes
    • 13b pesos of 175-day Cetes, 8b pesos of 343-day Cetes
    • 2b pesos of Bondes D due Aug. 2026, 6b pesos of Mbonos due Sept. 2024
    • 1.15b udis of inflation-linked bonds due Nov. 2050
  • Central bank to release data on international reserves at 9am, Mexico City time. The reserves fell by $145m for the week that ended Aug. 6.
  • Mexico's central bank to hold a $400 million auction from its swap line with the U.S. Federal Reserve on August 18, the country's currency commission said in statement.

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