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Forex - Mexico Flows: MXN all over the place as Trump speacks. Some support at 22.00


 17:08 (GMT) 11 Jan

  [Forex Flows]

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Mexico Flows: MXN all over the place as Trump speacks. Some support at 22.00 (0100-KBXQ-C01)

MXN is over the pace as Pres. Elect Trump got to the issue of the Border Tax adjustment and the wall moving between 21.85 and 22.03. We are seeing some support just above 22.00 on the assumption that Banxico may intervene although the monetary authority has been very quiet as MXN tests 22.00.


Forex - Colombia Flows: COP keeps upward trend on oil prices


 13:22 (GMT) 06 Jan

 [Forex Flows]

COP continues to gain along with oil prices and despite the global market hesitation in taking positions ahead of US labour data. Last night inflation data was above market forecasts and could create some hesitation in Banrep easing if the trend continues in next months with the increase in VAT taxes. However with COP gains lately, the impulse may be more moderate than previously expected.