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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 firmer dollar overnight has seen USDMXN rise just shy of 1% on Friday, breaking above the February/March highs above 20.80. The next resistance point to watch is 20.9141, Jan 28 high which is a key resistance and a break is required to signal a potential reversal of the recent bearish technical outlook.
- Released earlier: Mexico Gross Fixed Investment Rose 7.6% Y/y in Dec. versus median estimate of 5.5%.
- Focus turns to next weeks February CPI data which will be released on March 9. As a reminder yesterday, Mexico analysts in the latest central bank survey revised both 2022 year-end and 2023 year-end inflation forecasts higher to 4.78% from 4.42% and to 3.83% from 3.73% respectively.
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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