Futuro del peso mexicano 4-5

US Jobs Report Not the Driver It Once Was

  • Jobs data is the main event; the focus in recent months has shifted from healthy trend job growth to average hourly earnings
  • UK Prime Minister May is in a pickle; the Bank of England meets next week
  • The eurozone disappointments continue to mount this week with weak PMI readings today
  • The RBA lifted its core inflation forecast and signaled that while rate would eventually need to increase, it did not anticipate doing so in the near-term
  • TRY continues to make new all-time lows; yesterday, Argentina’s central bank hiked rates 300 bp; Philippines April CPI rose 4.5% y/y
50 HMA= 521
100 HMA= 524
Futuro del peso mexicano 4-5.png
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