Futuro del peso mexicano 30-1

  • USD on backfoot despite lower commods, higher UST prices, equities lower
  • Trump State of the Union at 9PM Tues, FOMC 2PM Wed and Fri’s NFP key events
  •  Mexico Q4 GDP is expected to rise 1.6% y/y.  Growth was only 1.5% y/y in Q3, the slowest since Q4 2013.  Monthly indicators suggest Q4 growth near 1.5% y/y, yet price pressures remain high.  The firmer peso may give the central bank leeway to stand pat for now.  Next policy meeting is February 8
533.80= 100 HMA
Futuro del peso mexicano 30-1
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