CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

USDMXN Dips Briefly Back Below 20.60

MEXICO
  • USDMXN briefly prints below 20.60 as the decision sees all policy makers on board, extending the regional outperformance in anticipation of the release.
  • *The link to the statement can be found here: https://www.banxico.org.mx/publications-and-press/announcements-of-monetary-policy-decisions/%7B4BE7D6F0-B2B0-6DCC-A906-9DFD84BED861%7D.pdf
  • *Highlights include: "Among the most relevant global risks are the pandemic, delays in the vaccination programs, and a greater tightening of financing conditions."
  • "The Mexican peso depreciated and medium- and long-term interest rates increased. Mexico's economic activity decelerated in January and February and, although a greater boost from external demand is foreseen, ample slack conditions are expected throughout the forecast horizon."
  • "The anticipated paths for headline and core inflation in the short term are slightly above those foreseen in the last Quarterly Report"
  • "In a highly uncertain environment, the risks for inflation, economic activity and financial markets pose major challenges for monetary policy. It is necessary to enable an orderly adjustment of financial conditions and a change in relative prices, without affecting price formation and inflation expectations."
BulletEM BulletEmerging Market News
BulletEM BulletEmerging Market News

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.