Free Trial

USDMXN Extending Week’s Rally

MEXICO
  • The USD Index has resumed its upward trajectory overnight, mirroring the general risk-off theme so far present in markets Thursday, with 105.229 the next upside level ahead of June's cycle high of 105.788.
    • Core PCE Price Index data headlines the US data calendar before the release of the MNI Chicago Business Barometer.
  • USDMXN is 0.65% stronger on Thursday as souring risk sentiment and a firmer greenback continue to weigh on the Peso. Key resistance is unchanged at 20.7014, a break would confirm a resumption of bullish activity.
  • Today, Mexico’s Finance Ministry will report the Jan.-May budget balance. Additionally, the central bank releases information about Net Outstanding Loans.
  • Remittances data and the latest central bank survey of economists will be published tomorrow.

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.