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USDMXN Respecting The Range, Banxico To Announce Auction Results

MEXICO
  • USDMXN had a very tight trading range on Monday despite a quick bout of dollar selling over the month-end WMR fix. The peso trades slightly firmer on Tuesday just above 19.90 with the 19.80/20.00 range being broadly respected for now.
  • 11:30am: Banxico to announce auction results of:
    • 5b pesos of 28-day Cetes
    • 7.4b pesos of 91-day Cetes
    • 13.5b pesos of 182-day Cetes
    • 11.5b pesos of 364-day Cetes
    • 11b pesos of Bondes D
    • 6.5b pesos of Mbonos due May 2031
    • 480m udis of inflation-linked bonds due Nov. 2023

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