Free Trial

USDMXN Rises 1% Ahead Of Bi-Weekly CPI Tomorrow

MEXICO
  • USDMXN continues to outperform through Tuesday, with the pair up 1.06% at the time of writing around 18.135. Earlier, USDMXN rose to a high of 18.1702, its highest level since July 05 and around 3% above last week’s lows, before paring some of the move.
  • The 20-day EMA has recently been pierced, however, most notable resistance is not found until 18.5988, the Jun 28 high.
  • Focus tomorrow turns to bi-weekly CPI data for the first half of July. Analysts expect the headline rate of inflation to rise further to 5.36% y/y, from 5.17%, even as core inflation continues to edge down to 4.03%.

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.