MNI: US NOV FINAL SRVCS PMI 56.1 (FLASH 57.0); OCT 55.0

MNI BRIEF: Barkin Aims For 'Somewhat Restrictive' Fed Rates

MNI BRIEF: US Pay Gains Stabilizing At Higher Rate -ADP

MNI China Daily Summary: Wednesday, Dec 4

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: CANADA Q3 LABOR PRODUCTIVITY -0.4% QOQ

MNI: US MBA: MARKET COMPOSITE +2.8% SA THRU NOV 29 WK

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

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 Gravitates Towards 2020 Lows, Committee Approves Banxico Nominee

MEXICO
  • USDMXN continues to trade with a downward bias following the break of key support last week at 19.04. Next in sight is the February 2020 low of 18.5237 which would represent a near four and a half year low for the pair.
  • The Committee of Finance, Agriculture, Communications and Public Works, part of the Permanent Committee of the Mexican Congress, approved on Tuesday the nomination of Omar Mejia to the board of Banco de Mexico, which must now be approved by lawmakers in Congress, Milenio reported.
  • The Mexican shadow bank formerly known as Mexarrend SAPI is tumbling toward a default after revealing accounting errors and plans to miss upcoming debt payments, reminding Wall Street of the danger lurking in bonds from the nation’s less-regulated lenders. (BBG)
  • Close to 3,000 oil workers plan to join a strike as of Tuesday, Milenio reported.
    • The strike was called after STPRM, Pemex’s official union, sent a notice to the state oil company’s leadership, failing to receive a positive response.
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.