MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI BRIEF: Slow Rate Hikes Expected - BOJ's Noguchi

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -5.02% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1025

MNI BRIEF: BCB's Campos Neto: 'Not Afraid To Do What's Needed'

Australia Mar Unemployment Rate 3.8%

MNI:AUSTRALIA MAR UNEMPLOYMENT RATE +3.8%

MNI: US TSY TICS NET FLOWS IN FEB +$51.6B

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDMXN Remains Above March 2021 Highs

MEXICO
  • Global equities have rebounded after Friday’s turbulent sell-off, lending support to the Mexican peso overnight. The initial uptick in risk helped USDMXN down to lows of 21.6853, but importantly the March highs at 21.6357 have held as support, keeping technical conditions bullish. The pair sits only marginally in the red as of writing and immediate focus is on closing the gap to Friday’s close at 21.9250 before Friday’s highs at 22.1550 come back into play.
  • Just released: MEXICO OCT. UNEMPLOYMENT RATE 3.95%; EST 4.07% (BBG)
  • The highlight this week will be the central bank’s release of the inflation report. The Quarterly report will contain updated forecasts for growth and headline/core inflation over the relevant horizon for monetary policy.
    • Comments surrounding the new central bank governor nomination will be monitored closely ahead of the final Banxico decision of the year on December 16.
  • Inflation should be taken into account when deciding how much to increase the minimum wage for 2022, said President AMLO on Friday. The decision about how much to hike the minimum wage is still being discussed, but it’s good news that one business group, Coparmex, is reportedly proposing a 20% increase, said Lopez Obrador. (BBG)
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.