Futuro del peso mexicano 2-10

 

  • USD/MXN opens NY 18.30 vs Fri close 18.25; o/n range 18.3285-18.2180
  • USD broadly higher, UST yields up on hawkish Fed tilt, Catalonia unrest
  • Talk/fear of negative NAFTA outcome for MX weighs on MXN
  • USD/MXN sup 18.2693 rising 10-HMA, 18.1998 daily pvt, 18.15 hrly cloud twist
  • Res 18.3285 Mon high, 18.3745 50% of 19.299-17.45 dip, 18.4065 Jul 5 high

Futuro del peso mexicano 2-10

 

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FX Market Update 29-9

Market Briefs

• EUR/USD 0.12%, USD/JPY 0.12%, GBP/USD -0.62%, EUR/GBP 0.75%
• DXY -0.07%, DAX 0.28%, FTSE 0.64%, Brent 0.14%, Gold 0.05%
• GB GDP YY Q2 1.5% vs 1.7%, 1.7% f’cast
• GB Nationwide house price YY Sept 2.0% vs 2.1%, 1.9% f’cast
• GB Mortgage Lending Aug 4.041B vs 3.584B, 3.600B
• EZ Flash Inflation YY Sept 1.5% vs 1.5%, 1.6% f’cast
• DE Retail Sales YY Real Aug 2.8% vs 2.8%, 3.2% f’cast
• DE Unemployment Rate SA Sept 5.6% vs 5.7%, 5.7% f’cast
• S&P says China’s debt growth to slow over next 5 years but remain elevated
• Oil mixed but set for weekly gain on improving market outlook

Looking Ahead – Economic Data (GMT)

• 12:30 CA GDP MM 0.1% f’cast, 0.3% prior
• 12:30 CA Producer Prices YY Aug 1.3% prior
• 12:30 US Personal Income (Aug) (mkt +0.2% m/m, prev +0.4% m/m)
• 12:30 US Consumption Expenditures (Aug) (mkt +0.1% m/m, prev +0.3% m/m)
• 12:30 US PCE Price Index (Aug) (prev +0.1% m/m, +1.4% y/y)
• 12:30 US Core PCE Price Index (Aug) (mkt +0.2% m/m; prev +0.1% m/m, +1.4% y/y)
• 13:45 US Chicago PMI (Sept) (mkt 58.5, prev 58.9)
• 14:00 US U of Mich Consumer Sentiment Index (final Sept) (mkt 95.3, prelim 95.3)
• 14:00 US U of Mich Current Conditions Index (final Sept) (mkt 113.7, prelim 113.9)
• 14:00 US U of Mich Expectations Index (final Sept) (mkt 83.2, prelim 83.4)

Looking Ahead – Events, Other Releases (GMT)

• 15:00 FRB Philadelphia’s Harker speaks at Fintech event; Philadelphia, PA
• 15:45 FedTrade operation 30-year Fannie Mae and Freddie Mac (max $1.925 bn)

Currency Summaries

EUR/USD

• EUR/USD crept up in early European trading to reach 1.1809 (range 1.1773-09)
• EZ flash inflation 1.5% in Sept vs 1.6% f/c, ex food/energy 1.3% vs 1.2% f/c
• EUR/USD dips a little after the inflation data
• Moderate dollar selling tipped for month-end rebalancing today
• Month-end EUR/GBP buying appears to have underpinned EUR/USD again today
• Given their close proximity EUR 1.2bn expiries @ 1.1800 may anchor spot

USD/JPY

• USD/JPY stuck in a 112.36-112.73 range
• Decent offers said up to 113.00 which may limit USD/JPY rise
• But there are a cluster of stops above 113.00 & also 113.30
• A decisive break above 113.00/30 will fuel rise towards 114 barriers
• Repeated failures above 112.80 Fibo means outlook is mixed
• Japanese importers are keeping spot afloat, shields Wed’s 112.23 low
• Expect more bids down close to 112.00 where a large Fri expiry resides

EUR/CHF

• Early European USD/CHF weakness limited ahead of 10-DMA (0.9683)
• Avg pierced briefly in Asia. 0.9692-0.9717 range in Europe
• USD/CHF gains as the dollar heads for its best weekly performance this year
• Eyeing Wed’s 0.9770 peak & 38.2% Fibo of the 2017 1.0335-0.9422 drop
• Also the Jun/Aug 0.9770/72 peaks and remains a tough level to crack
• EUR/CHF bid, probing the 21-DMA at 1.1461. 1.1443-1.1463 range
• Bulls still looking for a close above the average
• Swiss KOF indicator rises to 105.8 pts in Sept

GBP/USD

• GBP fell on the back of disappointing UK economic data at 0830GMT
• Q2 C/A deficit GBP 23.182bln vs 16bln f/c. July service sector output -0.2%
• Annualized UK Q2 GDP growth revised down from 1.7% to 1.5% too
• Cable down over half-a-cent to 1.3358. EUR/GBP up to threaten 0.8835
• 0.8835 = Monday high. 1.3343 = cable support, 61.8% of 1.3148-1.3659
• Aug net gilt purchases by foreign investors GBP 6.52bln vs -3.139bln in July

USD/CAD

• Quarter-cent range for USD/CAD thus far Friday, 1.2421-1.2446
• 1.2418 was Thursday’s low to follow Sept high of 1.2519
• Drop to 1.2418 influenced by quarter-end selling of the USD
• Canada GDP data due 1230GMT, July GDP f/c +0.1%

AUD/USD

• AUD/USD retreated to 0.7831 after threatening 0.7860 early Europe
• 0.7860 = Thursday’s recovery rally high from 0.7799 (10-week low)
• Mooted offers pre-0.79 may keep lid on AUD/USD if it vaults 0.7860
• Stops below 0.79 were tripped en route to 0.7860 low Tuesday

NZD/USD

• Large 0.7225 option expiry for NY cut is helping to anchor NZD/USD
• NZD 442mn strike. 0.7209-0.7229 was European am range
• AUD/NZD is consolidating losses from 1.0975 sub-1.09

FX OPTIONS

• Vols on the back foot across the board, not helped by China holiday’s
• 1 week expiry gets NFP now, but notable lack of risk premium
• USD/JPY election risk keeps 1mth risk reversals at highs since May for JPY calls
• EUR/USD vols at new post ECB lows, EUR calls relatively steady however
• NZD/USD vols have fully unwound pre election risk premium

COMMENT

Japan election poses serious risk for USD/JPY

USD/JPY options are showing market nerves about the Japanese snap election on Oct 22, with demand boosting vols and JPY calls to new cycle highs for any expiry falling after the event. PM Abe was expected to be a clear winner, but the rise of the new Party of Hope could dent his majority and this has helped fuel the recent demand for options/risk coverage. The 1-month expiry 25 delta risk reversals have been ramped to new highs for JPY calls since May at 1.65 from 0.6 early last week, despite USD/JPY trading new recent highs above 113.00. One-month implied vol paid to 10.3 (also a new cycle high) from 9.5. These gains go in hand with some sizeable demand for outright JPY call strikes with late October expiries down at 108.50 from 111.00. Forward vol estimates for overnight vol over the actual event have gained more than 10.0 vols this week to 30.0 vols or 140 pips break-even for straddles.

CHART FOCUS

USD/JPY bulls need a weekly close above 112.99 Fibo

USD/JPY bulls have managed to break the 112.99 this week — 61.8% retrace of the 118.66 to 107.32 fall — but a weekly close above this level is needed to keep the technical impetus on the upside. Once achieved, it could spur bulls to the 114.00 psychological level, then 114.33 — 61.8% retrace of the 118.66 to 107.32 fall — and the important July 114.49 peak. There has been a steady recovery after support was found at the 107.32 low and a bear trap was registered below the weekly cloud in early September. The daily cloud, which currently spans 110.09-111.55, presents a decent bullish platform while the weekly cloud offers even greater support as it currently spans a wider 108.83-111.37 region. Therefore corrective moves are likely to be limited by the daily and weekly clouds, increasing the odds of an eventual weekly close above 112.99 and a significant drive higher.

Futuro del peso mexicano 29-9

  • USD/MXN opens NY 18.1935, dips slightly; o/n range 18.13-18.2175
  • Pair set to end Q3 2017 +0.6%, NAFTA talks, US rate policy weigh on MXN
  • Banxico holds rate wary of FX rate, disasters effects on prices
  • Banxico’s Carstens: have to be more confident abt inflation before rate cuts
  • USD/MXN supt 18.1372 23.6% Fib, 18.13 Fri low, 18.0467 100-HMA
  • Res 18.2070 hrly cloud top, 18.2576 upper 21-h Bolli, 18.30 Thurs high

futuro del peso mexicano 29-9

FX Market Update 28-9

Market Briefs
• EUR/USD 0.21%, USD/JPY -0.02%, GBP/USD -0.12%, EUR/GBP 0.27%
• DXY -0.01%, DAX 0.29%, FTSE 0.03%, Brent 0.86%, Gold 0.13%
• EZ Economic Sentiment Sept 113.0 vs 111.9, 112.0 f’cast
• EZ Business Climate Sept 1.34 vs 1.09, 1.08 r’vsd, 1.11 f’cast
• EZ Consumer Conf. Final Sept -1.2 vs -1.2, -1.5 r’vsd, -1.2 f’cast,
• Japan calls snap election as new party roils outlook
• Carney: BoE can’t be expected to nullify Brexit hit to economy
• ECB’s inflation objective should be symmetrical: Liikanen
• ECB to discuss adjusting, not ending stimulus: Praet
• Fitch says ANC infighting to hit South Africa growth
• Oil steadies as North Iraq, Kurdish pipeline stays open
• Gold hits over 1-month low; palladium races past platinum

Looking Ahead – Economic Data (GMT) 

• 12:30 US Initial Jobless Claims (w/e Sept 23) (mkt 270k, prev 259k)
• 12:30 US Continued Claims (w/e Sept 16) (mkt 1.990 mn, prev 1.980 mn)
• 12:30 US Real GDP (final Q2) (mkt +3.0% q/q AR, prev +3.0% q/q AR)
• 12:30 US Real Final Sales (final Q2) (mkt +3.0% q/q AR, prev +3.0% q/q AR)
• 12:30 US Core PCE Price Index (final Q2) (mkt +0.9% q/q AR, prev +0.9% q/q AR)
• 12:30 US Advance Goods Trade Balance (Aug) (prev adv $65.1 bn)
• 12:30 US Advance Wholesale Inventories (Aug) (prev adv +0.4% m/m)
• 12:30 US Advance Retail Inventories (Aug) (prev adv -0.2% m/m)
• 15:00 US KC Fed Manufacturing Composite Index (Sept) (prev 16)

Looking Ahead – Events, Other Releases (GMT) 

• 13:45 FRB Kansas City’s George on monetary policy at minority bankers conference; Kansas City
• 14:00 Fed Vice Chair Fischer on Developments in Central Banking; London
• 15:45 FedTrade operation 15-year Fannie Mae and Freddie Mac (max $500 mn)
• 18:30 FedTrade operation 30-year Ginnie Mae (max $1.25 bn)

Currency Summaries
EUR/USD 

• EUR/USD 1.1722-75 in Europe. Low matches top daily Ichi cloud
• Mixed bag for German CPI. Two states at or above ECB’s 2% target
• Month-end EUR/GBP buying seen partly behind EUR gains today
• German institutes say ECB should prepare to exit ulra loose policy
• ECB’as Praet says talking about recalibration not exit

USD/JPY 
• Japanese exporter sales on rallies above 113 weigh, 113.21 the high
• Recall the Asia low was 112.71, Japanese importers bids start @112.70
• So far the fall has hit a marginally new session low at 112.69
• Break above Wed’s 113.26 high & 113.30 pivot will be a bullish sign
• Traders should beware that large 112 expiries may attract
• There are 2.1B worth of 112s strikes rolling off at the NY cut Thu
• Another 1B worth will expire on Fri. A dip could make these magnetic

EUR/CHF
• USD/CHF off its best but retains a bid. 0.9757 high Thurs vs 0.9770 Wed
• 0.9770 is key resist incl the 38.2% Fibo of the 2017 1.0335-0.9422 drop
• Also the Jun/Aug 0.9770/72 peaks and a tough level to crack
• Stops tipped above 0.9770-75, & again above 0.98. Techs eye 200-DMA at 0.9851
• 1.1416-65 range for the cross above this wk’s 1.1408 low. Bid today in Europe
• Testing 21-DMA but bulls would need a close above

GBP/USD 
• Month-end buying has fuelled EUR/GBP rise to 0.8810 (3-day high)
• 0.8761 was Asia low. 0.8747 was Wednesday’s 10-week low
• Cable fell to 2-week low pip shy of 1.3343 during the European am
• 1.3343 = 61.8% of 1.3148 (Sept 14 low) to 1.3659 (Sept 20 high)
• UK Q2 C/A deficit will be revealed Friday: GBP 16bln f/c

USD/CAD 
• USD/CAD met headwind just shy of 1.2521 after extending north early Ldn
• 1.2521 = 76.4% of 1.2663 (Aug 31 high) to 1.2063 (Sept 8 low)
• Profit-taking on longs influenced retreat from pre-1.2521 high to 1.2470
• 1.2470 was Asia low. 1.2336 was Wednesday’s low, before dovish Poloz
• 31% probability of BoC rate cut Oct 25-BOCWATCH/Eikon. 40% pre-Poloz

AUD/USD 
• AUD/USD extended south to a 10wk low of 0.7799 during the European am
• Decline influenced by plunge in China steelmaking futures
• Dalian iron ore closed down 3.5%, coke closed down 6%
• Profit-taking on shorts aided rise from 0.7799 to threaten 0.7836
• 0.7836 was Wednesday’s low. 0.7856 was Asia high

NZD/USD
• NZD/USD topped out 5 pips shy of 0.7210 after rallying off 0.7167
• 0.7210 expiry for NY cut, NZD 335mn strike. 0.7167 = early Europe low
• 0.7233 was Asia high. 0.7169 was Tuesday’s low

FX OPTIONS 
• Election risk fuelling demand for USD/JPY vols and JPY calls last 24 hours
• 1 month expiry vol and risk reverals at cycle highs, despite firmer USD/JPY
• EUR/USD vol setbacks run in to relative value buyers. EUR calls still bid
• Cable vols ease, 1mth almost retraces pre-post MPC gains from 7.5 to 9.25
• CAD vols ease after dovish Poloz dents Oct rate hike odds
• NZD vols extend post election setbacks after RBNZ, close gap to AUD vols

COMMENT
ECB – Praet wants to call it recalibration

When the ECB announces another reduction in monthly purchases at its October meeting it wants everyone to call it a recalibration. This will likely be the buzzword as the ECB looks to play down expectations that the destination of policy is toward an exit. This was the rationale behind Draghi describing the lowering of monthly purchases to €60bn from €80bn in Dec 2015 as an adjustment and not tapering. Back then, Draghi said that tapering implied a predetermined path toward an end and the ECB does not want us to think that stimulus has come to an end. In his Sintra speech Draghi highlighted how a recovering economy would require an adjustment in policy instruments not to “tighten the policy stance, but to keep it broadly unchanged”. This is a day for positive spin with Praet wanting us to call it a recalibration while BoE’s Haldane describing a rate hike as a “good news story”. Next it will be traders justifying a loss as the market teaching me a valuable lesson or even worse that the market was wrong.

CHART FOCUS
USD/ZAR bulls brace for a run at 14.00

Technicals suggest that USD/ZAR could extend its bull run above 14.00 following its impressive climb into the weekly cloud. USD/ZAR has not traded inside the cloud in over a year making the break pretty significant in itself, but Friday’s close is more important to see if the break can be sustained. If this is the case, then a further rise to test the cloud top at 14.1513 looks likely. This week’s rally has left USD/ZAR heavily overbought on the daily charts and above the upper 30-day Bollinger. Historically, the Bollingers contain action and price does not stray far, or for long, outside this pattern. So those not already long can use the opportunity of pullbacks to rejoin the trend at better levels. The upper Bollinger continues to rise at 13.5266 today and would be a good level to place a bid. Only a break back below the 200-DMA at 13.2214, also close to the daily cloud top, would deter the bulls at this stage.

Futuro del peso mexicano 28-9

  • USD/MXN opens NY 18.1890, holds nearby; o/n range 18.1780-18.30
  • Matching flows erratic & elevated as pair consolidates above 18
  • Banxico exp’d to hold rate at 7%, NAFTA, US rate outlook weighs on MXN
  • USD/MXN res 18.30 Thurs high, 18.31 Jul 7 high, 18.3745 wkly Kijun line
  • Support 18.1780 Thurs low, 18.1187 daily pivot, 17.9993 100-DMA (fmr res)
  • MXN 25RR rising, hints at further USD/MXN gains, 1-mo vol up slightly

futuro del peso mexicano 28-9

FX Market Update 27-9

Market Briefs

• EUR/USD -0.34%, USD/JPY 0.57%, GBP/USD -0.26%, EUR/GBP -0.07%
• DXY 0.41%, DAX 0.49%, FTSE 0.15%, Brent -0.68%, Gold -0.28%
• China says military means not an option to resolve Korea situation
• German FDP demands policy change as price for coalition with Merkel
• Two worlds of Labour, Britain’s opposition party struggles to unite
• German exporters unfazed by stronger euro, car sector less upbeat – Ifo
• Oversized European banking sector likely to shrink: ECB’s Nouy
• UK retail sales growth spikes higher in September – CBI
• EZ Aug Money-M3 Annual Grwth 5.0% vs 4.5%, f’cast 4.6%
• Brent oil eases but remains in sight of 2015 highs
• Gold edges down as dollar gains on Fed rate hike view

Looking Ahead – Economic Data (GMT)

• 11:00 MBA Weekly Mortgage Application Indices
• 12:30 Revised Building Permits (Aug) (prelim 1.300 mn SAAR, +5.7% m/m)
• 12:30 Durable Goods Orders (Aug) (mkt +1.0% m/m, prev -6.8% m/m)
• 12:30 Durable Goods Orders ex-Trans (Aug) (mkt +0.2% m/m, prev +0.6% m/m)
• 12:30 Nondefense Capital Goods Orders ex-Aircraft (Aug) (mkt +0.3% m/m, prev +1.0% m/m)
• 14:00 Pending Home Sales Index (Aug) (mkt 108.6, -0.5% m/m; prev 109.1, -0.8% m/m)
• 14:30 EIA Weekly Petroleum Status Report

Looking Ahead – Events, Other Releases (GMT)

• 13:15 FRB Minneapolis’s Kashkari gives welcoming remarks; Minneapolis, MN
• 13:45 FedTrade operation 30-year Fannie Mae / Freddie Mac (max $1.625 bn)
• 17:30 FRB St. Louis’s Bullard discusses the economy and monetary policy; Kirksville, MO
• 18:00 Fed Brainard speaks on “Labor Market Disparities and the Mission of the Fed”; Kansas City, MO
• 23:00 FRB Boston’s Rosengren speaks at NYU Money Marketeers; New York, NY

Currency Summaries

EUR/USD

• EUR/USD down to 1.1731 as US 10 yr yield rises 6bp to 2.30%
• Higher bund yield ignored but actually outstripped UST rise
• Euro zone M3 jumps to 5% (ECB ref rate is 4.5%)
• EUR/USD finds support ahead daily cloud top 1.1725 & 200-WMA 1.1721
• Europe’s range 1.1731-95. US durable goods in focus next
• In August terrible durables data sparked a big EUR/USD rally

USD/JPY

• Risk-on market sees USD/JPY reach 112.96, up from 112.23 session low
• Good demand at Tokyo fix, spot date is month & Japan fiscal half-ends
• Focused on the 113 level where barriers reside
• Note there is a huge Fibonacci level just below @112.99
• Japanese exporters with offers ahead of 113, but stops said above
• Beware large (2B) 112.00 strike expiring on Thu could delay rise
• Tokyo Gov Koike announces manifesto for new Hope Party, to rival Abe’s LDP

EUR/CHF

• EUR/CHF a little higher (1.1438-60). Rise capped near 21-DMA at 1.1462
• Stops are touted sub 1.14. 1.1408 was Tues low. EUR/USD weakness exp to weigh
• Sept 1.1362 base & 38.2% fibo of post-Brexit 1.0623-1.1623 at 1.1241 supports
• USD/CHF remains bid, continues to track EUR/USD. 0.9715-0.9764 range Europe
• Break of double day high at 0.9747/48 (Mon/Thurs) eyes 200-DMA at 0.9854
• Swiss investor sentiment indicator rises to 28 pts in Sept

GBP/USD

• Cable tested 1.3365 after tripping stops below 1.3400 & 1.3382 early Ldn
• 1.3365 = 100WMA (recently vaulted for 1st time since Oct 2014)
• USD benefitting from Trump tax reform hopes
• EUR/GBP topped out a pip shy of 0.8800 after rising as cable fell
• 0.8800 was Tuesday’s high–before drop to 0.8755 (10-week low)
• 0.8763 = cross low since 0.8800 threatened. 0.8760 was Asia low

USD/CAD

• USD/CAD rose to test 1.2413 (Tues 20-day high) during the European am
• Gains precede Poloz speech about “Data Dependence” at 11.45am ET
• Speculation Poloz may echo recent Lane steer about BoC watching CAD
• 1.2370 was Asia high after news US slapped steep duties on Bombardier
• Pre-Poloz: 37% probability of 25bp BoC hike Oct 25-BOCWATCH/Eikon

AUD/USD

• AUD/USD extended south to a 6wk low of 0.7836 during the European am
• Losses influenced by USD-positive US tax reform hopes
• 0.7860 (Tuesday’s low) is now a resistance level

NZD/USD

• NZD/USD is consolidating recent losses amid NZ political stalemate
• 0.7178 = European am low. 0.7169 was Tuesday’s 3wk low
• AUD/NZD retreated to 1.0900 during the European am
• Stops above 1.0900 were tripped earlier this week (Monday)

FX OPTIONS

• Firmer USD after hawkish Yellen Tues and impending Trump tax plan today
• G10 vols mostly weaker since Tuesday and mild recovery in USD call bias
• EUR/USD risk reversals still bid topside. Vols softer, 1mth propped by ECB
• USD/JPY vol setbacks stalled as 113 barriers threatened. JPY call bias holds
• GBP/USD 1mth vol back at 8.0 after pre/post MPC gains from 7.5 to 9.25
• RBNZ break even just 56 pips, with nothing expected, NZD vols softer
• 1mth USD/CAD vol 8.0-8.9 since BoC capture Tues. Poloz speaks later

COMMENT

Perfect GBP storm if Britons vote in 2018 or 2019

Sterling could be in for yet more volatility through the next UK general election campaign–especially if that vote is held in 2018 or 2019. “Labour preparing for run on the pound, admits Corbyn” is the headline of a front-page article in The Times Wednesday that’s fueling election speculation. It comes after Corbyn’s shadow Chancellor reportedly said Labour has got to “scenario plan” for the possibility of a run on GBP if Labour wins power. It is by no means certain Labour will win power at the next election–and this uncertainty could make pound price action even livelier through the vote. Ladbrokes quotes the same 2/1 odds for Labour to win a majority at the next election as the Tories, with a hung parliament the marginal 7/4 favourite. The next election is provisionally scheduled for 2022, but Paddy Power quotes relatively low odds of 9/4 for it to be held as early as 2018 and 2/1 for 2019. Those low odds reflect expected stress from ongoing Brexit negotiations with a minority Tory government reliant on the support of the DUP.

CHART FOCUS

USD/JPY bulls seek 113.00 break to pave way to 115.00

USD/JPY bulls are tightening their grip but have to surmount a clutch of key technical levels before setting sight on the 115.00 psychological level. A break and weekly close above 112.99/113.00 will pave the way to 114.33 — 61.8% retrace of the 118.66 to 107.32 fall — and the important July 114.49 peak. Before that, USD/JPY bulls have to break 112.99 — 50% of the same 118.66 to 107.32 drop — which will unmask the important 113.00 psychological level just above. There has been a steady recovery after support was found at the 107.32 low and a bear trap was registered below the weekly cloud early September. The daily cloud, which currently spans 110.15-111.55, is offering huge support. Therefore corrective moves are likely to be limited but a bears will be hoping for a daily close back within the daily cloud in order to delay gains

Futuro del peso mexicano 27-9

00 HMA=552.00
9:15AM: Fed Bank of Minneapolis President Kashkari makes welcoming remarks at Tribal Community Perspectives on Higher Education,
Minneapolis, MN; 1:30PM; Fed Bank of St. Louis President Bullard gives a presentation on the U.S. economy and monetary policy before an event
hosted by Truman State University, Kirksville, MO; 2:00PM: Fed Board Governor Brainard speaks on “Labor Market Disparities and the Mission of the Federal
Reserve” before conference, “Banking and the Economy: A Forum for Minority Bankers” hosted by the Federal Reserve Bank of Kansas City, MO;
7:00PM: Fed Bank of Boston President Rosengren speaks before the Money Marketeers of New York University, NYC
futuro del peso mexicano 27-9