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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
- USDMXN fell for the sixth straight session on Friday and has continued its descent to start this week, off 0.2% at 19.8880.
- Investors Cut Bearish MXN Bets: CFTC data shows a decrease of bearish positioning. Non-commercial investors were short MXN to the tune of 21,043 contracts as of Aug. 31 vs 23,830 short contracts a week prior. Both leveraged funds and institutional investors increased their long MXN positions according to the report.
- Notable horizontal supports appear very much back in play as we approach Thursday's August CPI data, that will prove very important for Banxico governing board members as their September 30 meeting looms. 19.8004 will be the first hurdle for MXN longs, the July 30 low.
- Mexico's gross fixed investment is expected to have increased 17.6% y/y in June, down from a previous 46.5% rise, according to economists surveyed by Bloomberg. National statistics agency to release data at 1200BST/0700ET.
MNI/Bloomberg
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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