MXN is expected to weaken further this week as the USD gains ground after the NFP and EUR squeezing higher. This week looks relatively quiet as we only get the inflation print for November on Wednesday and Industrial production on Friday.
On the former, the forecast is consistent with a biweekly inflation of 0.08% 2w/2w in the second half of the month additional price increases is expected in perishable goods while core inflation should remained muted. Annual inflation should remain at 2.3% y/y with core at 2.35%.
For the latter, the forecast is consistent with a 0.3% m/m sa expansion as a result of the observed increases in US manufacturing and oil production (0.4% and 0.2% m/m sa respectively) partially offset by the contraction in automobile output (-0.3%).


U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
FxWirePro: Daily Commodity Tracker - 21st March, 2022 



