Futuro del peso mexicano 22-2

Mexico mid-February CPI is expected to rise 5.51% y/y.  Banco de Mexico just hiked rates 25 bp again to 7.5%.  Next policy meeting is April 12, and another hike then is possible.  Political risk is rising as markets ignore AMLO’s rising popularity ahead of the July election.  If the peso starts to underperform again, then further tightening becomes more like
All Eyes on Equities

  • The reversal of US shares yesterday in the last hour of trading was dramatic
  • We do not see much new news in the FOMC minutes
  • The US economic data is not what moves the market today; Canada reports December retail sales
  • RBI minutes from this month’s meeting were more hawkish than expected; Mexico mid-February CPI is expected to rise 5.51% y/y
bstops 534  sstops 524
100HMA= 534.60
200 DMA= 538
Futuro del peso mexicano 22-2
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