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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
- Momentum on MXN remains firm in today’s trading session, with USDMXN currently testing key support at 20.
- While the trend in CEE currencies has halted in the past week due to the geopolitical uncertainty, Latam FX have been gradually converging back towards their 'fundamental' value.
- Next level to watch on the downside on USDMXN stands at 19.85, followed by 19.72 (June 2021 lows).
- On the topside, first resistance to watch stands at 20.24, followed by 20.42 (200DMA).
- MXN strength has been levitating Mexican equities, with the MEXBOL index testing tis 56,000 level this week (index all-time high).
Source: Bloomberg/MNI
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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