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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
- 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
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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