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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
- The Mexican Peso traded with continued resilience yesterday, despite the waning risk sentiment across global markets.
- USDMXN matched last Friday’s low around the 20.70 mark during Monday’s trading session. As noted, 20.7009 is the 76.4% of the Nov 9 - 26 rally.
- Despite the bounce in equities overnight and the trimming of commodity losses, USDMXN has failed to capitalise on the more optimistic backdrop and the pair has bounced roughly 0.5% from the support.
- A clear break of this chart point would open the 20.50 handle. Key short-term resistance is at 21.3637.
- Citibanamex Survey of Economists is due to be published today, however, the data focus will be on Thursday’s release of bi-weekly CPI. The annual reading is expected to remain steady at elevated levels of 7.70%, according to the median surveyed estimate.
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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