Daily digest market movers: Mexican Peso on defensive sa gitna ng risk-aversion

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  • Ang Aggregate Demand ng Mexico para sa Q1 2024 ay tumaas ng 1.5% QoQ, na lumampas sa Q4 ng 2023 ng 0.4%. Sa labindalawang buwan hanggang Q2, lumawak ito ng 2.6% YoY, higit sa 2.2% noong Q4 2023.
  • Lumago ang Pribadong Paggastos ng 1.5% QoQ sa unang quarter ng 2024, higit sa nakaraang 0.9% na pagbabasa. Sa taunang paghahambing, ang paggasta ay tumaas ng 3.6%, mas mababa kaysa sa 5.1% sa nakaraang mga numero.
  • Tumatatag ang USD/MXN kasunod ng pandiwang interbensyon noong nakaraang linggo ng Gobernador ng Banxico na si Victoria Rodriguez Ceja, na nagsabing ang sentral na bangko ay matulungin sa pagkasumpungin sa palitan ng pera ng Mexican at maaaring kumilos upang ibalik ang "kaayusan" sa mga merkado.
  • Ang data ngayon at ang pagbaba ng halaga ng Mexican na pera ay maaaring hadlangan ang Banxico mula sa pagpapagaan ng patakaran sa susunod na pagpupulong sa Hunyo 27. Ang pagbabawas ng rate ay maaaring magpahina sa Mexican Peso at ilantad ang USD/MXN year-to-date na mataas sa 18.99.
  • Ang US Retail Sales para sa Mayo ay umabot sa 0.1% MoM, na bumuti kumpara sa -0.2% plunge ng Abril ngunit hindi pa rin naabot ang mga pagtatantya ng 0.2%. Bawat taon, bumaba ang mga benta mula 2.7% hanggang 2.3%.
  • Ang US Industrial Production noong Mayo ay lumampas sa mga projection na 0.3%, tumaas ng 0.9% MoM.
  • Ang ulat ng CPI noong nakaraang linggo ay nagtaas ng posibilidad ng pagbabawas ng Fed rate noong Setyembre mula 57% hanggang 62%, ayon sa CME FedWatch Tool.


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