Mexican Peso erases previous gains on global geopolitical developments and dovish comments from Banxico’s Governor. Victoria Rodríguez Ceja’s dovish stance on continued rate cuts reflects efforts to manage inflation amidst economic challenges. Geopolitical risks remain heightened as military actions in Ukraine influence USD/MXN’s volatility. The Mexican Peso erased some of Tuesday’s gains versus the Greenback […]
Mexican Peso appreciates and shrugs off bad credit outlook review, strong US data. Moody’s revises Mexico’s credit outlook to negative, citing concerns over judicial changes impacting economic stability. Peso strengthens in spite of Banxico’s rate cut with inflation expectations remaining above target. The Mexican Peso recovered some ground against the US Dollar during the North […]
Mexican Peso on the offensive, boosted by Banxico’s decision. Banxico reduces its key rate to 10.25%, citing progress in the disinflation process despite higher inflation risks. US inflation data hints at halted disinflation, potentially influencing Fed’s future decisions. The Mexican Peso appreciates against the US Dollar on Thursday after the Bank of Mexico (Banxico) decided […]
Mexican Peso finds its foot after US inflation data announced ahead of Banxico decision. US inflation report meets forecasts, raising chances of a Fed rate cut in December to 82%. Banxico expected to reduce rates to 10.25%, potentially narrowing the interest rate differential with the US. The Mexican Peso stayed firm against the US Dollar […]
Mexican Peso weakens on fears of Trump-imposed tariffs on Mexican imports. Banxico expected to cut rates by 25 bps as inflation approaches 3% target. Upcoming US and Mexico economic data, including consumer confidence and Banxico decision, may add to Peso’s volatility. The Mexican Peso is against the ropes versus the Greenback on Friday, with the […]
Mexican Peso tanks as USD/MXN rises over 1.50% weekly, reaching new yearly highs. US Dollar Index climbs as Treasury yields jump, boosting Greenback strength. Mexican economic data shows resilience, but US elections add uncertainty for emerging market currencies. The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, […]
The Mexican Peso pares gains main from resilient Q3 GDP growth and nears the weekend mixed. Multiple risk factors weigh including the risk of Trump tariffs, Banxico interest-rate cuts and domestic political jitter. USD/MXN faces tough resistance just above the key 20.00 handle as bulls try to push higher. The Mexican Peso (MXN) trades mixed across […]
Mexican Peso appreciates after Q3 GDP growth of 1% QoQ, surpassing expectations. Peso remains vulnerable to US election results as Trump’s tariff threats on Mexican auto imports weigh on sentiment. Upcoming Mexican data on Business Confidence and employment, along with US Nonfarm Payrolls and ISM Manufacturing PMI, could influence USD/MXN. The Mexican Peso appreciated over 0.60% […]
Mexican Peso weakens due to strong US data and political uncertainty tied to Mexico’s judiciary reform. Mexico’s Q3 GDP exceeds forecasts, but US ADP jobs data and resilient GDP growth lifts the USD. Traders eye upcoming data, including Mexico’s Business Confidence and US PCE Price Index and Nonfarm Payrolls. The Mexican Peso extended its losses […]
Mexican Peso weakens amid political uncertainty after judicial reforms limit judiciary’s ability to challenge constitutional changes. President Sheinbaum’s defiance of a federal judge’s suspension order adds to concerns about rule of law and economic stability. Fears of potential US tariffs under a Trump presidency weigh on the Peso, compounding pressure from Mexico’s internal political shifts. […]
Mexican Peso recovers despite INEGI reporting a sharp decline in August economic activity, reinforcing IMF’s lowered 1.5% growth forecast. Mid-month inflation data due Wednesday is expected to decrease slightly with headline inflation projected to drop. Fed officials remain cautious on rate cuts with traders watching for further guidance from Fed speakers and US jobs data […]
Mexican Peso gained 0.90% earlier on Friday but erased gains amid a weaker US Dollar. US Dollar Index hit a two-month high before retreating to 103.48, down 0.23% on Friday. China’s stimulus measures provided brief support to the Peso. The Mexican Peso remained firm against the US Dollar on Friday yet erased earlier gains, which […]
