Daily digest market movers: Mexican Peso sa harap ng paa pagkatapos ng pag-apruba ng reporma sa hudisyal

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  • Ang Industrial Production ng Mexico noong Hulyo ay nag-aalok ng magkahalong pagbabasa, ngunit karamihan sa mga ekonomista ay tinatantya ang isang paghina ng ekonomiya.
  • Ang inflation noong Agosto ay bumaba sa ibaba ng 5% threshold at pinalaki ang haka-haka ng karagdagang pagpapagaan ng Bank of Mexico (Banxico).
  • Ang Citibanamex Survey noong Setyembre ay nagpakita na ang Banxico ay inaasahang babaan ang mga rate sa 10.25% sa 2024 at sa 8.25% sa 2025. Ang USD/MXN exchange rate ay tinatayang magtatapos sa 2024 sa 19.50 at 2025 sa 19.85.
  • Inihayag ng BLS na ang PPI noong Agosto ay tumaas ng 1.7%, mas mababa sa mga pagtatantya ng 1.8%, at ang core PPI ay tumaas mula 2.3% hanggang 2.4%, sa ilalim ng mga inaasahan na 2.5%.
  • Tumaas ang PPI at core ng headline kumpara sa pagbabasa noong nakaraang buwan. Lumampas ang PPI sa mga inaasahan na 0.1%, lumaki ng 0.2%, at ang core PPI ay tumaas ng 0.3%, mula sa 0.2%.
  • Ang data mula sa Chicago Board of Trade ay nagmumungkahi na ang Fed ay magbawas ng hindi bababa sa 98 na batayan na puntos sa taong ito, mula sa 108 isang araw ang nakalipas, ayon sa kontrata ng futures rate ng fed funds para sa Disyembre 2024.


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