CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

USDMXN Edges Toward 21.00, Inflation Data Later This Week

MEXICO
  • The US Dollar is maintaining its supportive price action and with the lingering risks related to an escalation of covid restrictions around the globe, USDMXN has been edging higher to start the week. Key resistance remains unchanged at 20.9790, Nov 3 high.
    • Key data will be in the form of mid-month CPI, due on Wednesday. For reference, the December Banxico decision does not fall until December 16.
  • IMF executive board backs new two-year arrangement with Mexico under the Flexible Credit Line, designed for crisis prevention, of about $50b. This is a reduced amount compared to previous years as the IMF argues that the nation's economic prospects have improved.
  • Comments from outgoing Banxico Governor Diaz De Leon from late on Friday:
    • Reopening of economies has generated more inflation pressure with emerging markets facing higher inflation pressures than developed world.
    • Mexico can't prevent inflation stemming from factors outside the country, but it can control the contagion effects.
    • Efficiency, inclusion and macro and financial stability must be major goals in the wake of the pandemic. (BBG)
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.