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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 Bloomberg dollar index has extended through last week's highs in recent trade and prompted a spike in USDMXN above yesterday's highs at 20.9130.
- Broad EMFX weakness is aiding the move higher with the JPMorgan EM Currency index currently down 0.37%.
- Additionally the US ISM data surging to a record high providing an additional tailwind for the greenback ahead of tonight's FOMC decision.
- As noted, a sustained break would signal scope for gains above 21.00. Further out, 21.1550 beckons, 76.4% retracement of the Mar - Jun sell-off.
MNI/Bloomberg
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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