MNI BRIEF: Chinese Exports Jeopardise EU Industry--Le Maire

MNI BRIEF: EU's Gentiloni Calls For G7 Coordination On China

MNI: Canada Retails Jump In April After Weak First Quarter

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1102 Fri; -2.68% Y/Y

MNI: BAKER HUGHES US RIG COUNT 600; OIL RIGS 497; GAS RIGS 99

EZ/UK Bond Supply Calendar: EU, Belgium Auction on Monday

EZ/UK T-Bill Calendar: Germany and France To Sell Bills Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Weaker Equities, Central Bank Rhetoric Weigh On MXN

MEXICO
  • Weakness in equities prompts a reprieve for the dollar and some minor pressure on EMFX. USDMXN back to familiar territory around 19.90. Further marginal headwinds for the Peso stemmed from hawkish rhetoric from Banxico Deputy Governor Espinosa.
    • Central Banker Sees Mexico's Monetary Easing Cycle as Over
    • Banxico may have to hike rates before Fed
    • Economic recovery requires changes to monetary policy
  • Worth noting Espinosa may be a slight leaning hawk, having voiced concerns over domestic core inflation pressures as well as increasing global inflation expectations in the run up to the May meeting. The comments become more interesting if they are backed up by fellow board members in the upcoming minutes, especially those of the slightly more dovish members, AMLO appointees Jonathan Heath and Gerardo Esquivel.
    • The minutes from Banxico's May meeting will be published on 27th May.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.