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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
- The finance ministry reported a 699.7b Peso Jan.-Oct. budget deficit which compared with a 430.3b deficit the same period a year ago. They noted that revenue rose nominal 7.2% YTD y/y and expenses rose nominal 11.3% YTD y/y.
- USDMXN has settled around a percent off the week’s highs, respecting initial resistance at the 50-day EMA well on Thursday. The moderate weakening over the last 24 hours appears to bolster the theory that the bounce was a correction. On the upside, a move above 17.9394, the Nov 10 high, would be a short-term bullish development and required to highlight a technical reversal.
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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