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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 strength gaining some traction in recent trade with a notable pop above the touted 20.9141 resistance point.
- Despite the Peso trading very resiliently throughout the majority of the Ukraine conflict, today’s strength in the US dollar finally exerting some pressure on MXN. USDMXN is up just shy of 1.5% as we approach the weekend.
- The move now opens 21.1563, 50.0% of the downleg between Nov 26 - Feb 23.
- As mentioned, the domestic focus turns to next weeks February CPI data which will be released on March 9. However, global sentiment and the path of the greenback will be the overarching drivers for USDMXN in the short-term.
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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