Futuro del peso mexicano 13-3

Mexico January IP is expected to rise 0.4% y/y vs. -0.7% in December.  The economy remains sluggish and yet the central bank has had to tighten policy with 25 bp hikes at both the December and February meetings.  Next policy meeting is April 12, and much will depend on how the peso is trading then.
200 DMA= 538.10

The all-items consumer price index rose in February, pushing the year-on year rate higher by 0.1-p to +2.2%. The core rate also rose 0.2% m/m, leaving the year-on year rate at 1.8%, unchanged from from 1.8% in January. Economists surveyed by Reuters called for the headline index to rise 0.2% m/m and 2.2% y/y and the core rate to rise 0.2% m/m and 1.8% y/y. The as-expected outcomes should be neutral for the bond and dollar markets this morning, as the data do not change the likelihood of the Fed changing its course for monetary policy

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