Futuro del peso mexicano 9-1

US retail sales late in the week is the main data feature this week

  • The short squeeze in the Chinese yuan appears to have ended
  • UK Prime Minister May comments suggest hard Brexit, which weighs on sterling
  • Brazil is expected to cut 50 bp in the Selic rate this week


MPH 100 HMA= 466.30
  • USD/MXN opened NY 21.30 dips a touch to 21.28, o/n range 21.3650-21.2135
  • Pair capped by recent Banxico USD offers (21.55-60), support ahead of 21.00
  • Mex CPI at 9AM, inflation abv 3% c.bank target adds to MXN weakness
  • USD/MXN supt 21.2268 100-HMA, 21.1801 lwr 21-h Bolli, 21.1025 dly Tenkan
  • Res 21.3210 hrly cloud top, 21.3650 Monday high, 21.4519 upper 21-d Bolli
  • 1-mos MXN vol hods abv 200-DMA

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