Mexican Peso strengthens for the second consecutive day as traders increase the odds of a 25 bps Fed rate cut to 85.9%. Banxico minutes confirm economic slowdown, reinforcing the view that less restrictive policy is needed as Mexican industrial production contracts. US Producer Price Index (PPI) data supports disinflation, while University of Michigan Consumer Sentiment […]
Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico cuts rates by 25 bps in a 4-1 vote, with inflation expected to ease by 2025. USD/MXN briefly dipped to 19.55 but stabilized above 19.60 after Banxico’s rate cut decision. The Mexican Peso steadied against the Greenback on Thursday after the Bank […]
Mexican Peso continues to weaken, recording losses for three consecutive days amid increasing risk aversion. Fed Governor Waller supports the recent 50 bps rate cut, pointing to easing inflation and hinting at further cuts if labor conditions deteriorate. Banxico anticipated to lower rates by 25 bps next week, potentially sustaining an appealing interest rate differential […]
Mexican Peso remains soft as US Retail Sales, Industrial Production beat estimates. Mexico’s Q2 Aggregate Demand and Private Spending data will be released Wednesday, while the Fed’s rate decision looms. US Dollar Index climbs 0.20% to 100.92, as traders maintain 61% odds for a 50 bps Fed rate cut. The Mexican Peso erased some of […]
USD/MXN rises 0.20% to 19.97, hitting a four-week low of 20.14 amid ongoing political turmoil in Mexico. Judicial reform bill awaits Senate approval with potential consequences for US-Mexico relations and market sentiment. Mexico’s upcoming inflation data and US NFP are key factors that could influence further Peso movement. The Mexican Peso fell against the Greenback […]
Mexican Peso weakens as USD/MXN climbs on judiciary reform concerns after new Congress convenes. Mexico’s Business Confidence improves slightly in August, while Manufacturing PMI hits a two-year low, indicating sectoral challenges. S&P Global cites weak sales, competition from China, and highway insecurity as key issues for Mexican manufacturers. The Mexican Peso begins September on a […]
Mexican Peso declines as Banxico cuts 2024, 2025 GDP forecast. Political unrest over judiciary reform and dismantling of autonomous bodies further pressures the Peso. Banxico sees inflation reaching 3% target by late 2025, with growth risks skewed downward due to slowing US economy. The Mexican Peso depreciated against the Greenback on Thursday, with the latter […]
Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell’s speech at Jackson Hole hints at upcoming rate cuts. The Mexican Peso rallied sharply against the Greenback on […]
USD/MXN continues its losing streak despite a rate cut by Banxico on Thursday. Mexico’s 12-Month Inflation rose to 5.57% in July, the highest reading since May 2023. The US Dollar could receive support from the rising safe-haven flows amid heightened Middle-East tensions. USD/MXN extends its losing streak for the third successive session, trading around 18.90 […]
Mexican Peso extends its rally, following Banxico’s decision. Banxico cuts rates despite inflation rising to 5.57%; core inflation trends down. The Board anticipates further rate adjustments; inflation risks remain tilted to the upside. The Mexican Peso strengthened against the Greenback on Thursday as the Bank of Mexico (Banxico) decided to lower borrowing costs from 11.00% […]
Mexican Peso weakens to a yearly low of 19.22 against the USD amid US economic worries. Mixed Mexican data: higher unemployment rate, solid but slowing Gross Fixed Investment. US Nonfarm Payrolls and Manufacturing PMI disappoint, heightening recession fears. The Mexican Peso weakened further throughout the week against the Greenback and hit a new yearly low […]
Mexican Peso depreciates over 1% after printing solid gains. Mexico’s economic data shows unchanged business confidence and contraction in manufacturing activity. Fed hints at possible rate cut in September, driving traders to the safety of the USD. The Mexican Peso erases earlier gains and tanks against the US Dollar, extending its weekly losses after the […]
