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USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

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  • Pressure on the Mexican peso continued this morning with USDMXN near enough matching the June 24 highs above 20.2150, stalling at the 200-day MA that comes in today at 20.2168. A sustained move above here with certainly be a bullish technical development. TIIE swaps curve continues to bull flatten (see below), with 10-yr swap rates falling around 17 basis points from last weeks close.
  • Ahead of the widely anticipated Bi-weekly CPI print tomorrow, Citi published the results of their biweekly analysts' survey in email.
    • Expect next rate move to be a 25bps increase in Aug. 2021
    • 2021 year-end inflation raised to 5.80% from 5.60%
  • *Economy Minister Tatiana Clouthier traveling to Washington to meet with U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo. Trip to last through Friday.

MNI/Bloomberg