- US inflation data will be key.
- Mexican peso remains stable against the dollar, confirming recent recovery.
El USD/MXN it continues to trade near 21.00 in a lateral direction, validating the sharp fall of days ago. After trading above 22.00, the cross began a slide that bottomed out at 20.88 on Wednesday. The rebound from that level is not yet strong enough to recover 21.00.
The Mexican peso reaffirms the recovery supported by the better tone in the equity markets, although there is still some caution. The next US data will be key for the dollar, expectations and therefore for the USD / MXN.
Mexico: inflation on the rise
In the US in minutes the inflation data that can generate a lot of noise in financial markets, more considering that next week will be the meeting of the Federal Reserve.
In Mexico, it was known on Thursday that the consumer price index rose 1.41% in November, more than expected, taking the annual rate from 6.24% to 7.37%, the highest level since November 2001. The latter did not generate surprise. although prices still do not give Banxico respite. Friday’s data was a 0.6% rise in industrial production in October, lower than the 0.9% market consensus.
Technical levels
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