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 […]
Gold declines as Trump’s win reduces political risk; focus on potential inflationary policies. US Dollar recovery pressures Bullion despite lower Treasury yields. Powell signals gradual rate adjustments, leaving Fed’s future path open amid economic strength. Gold prices had fallen on Friday as the Greenback stages a recovery despite falling US Treasury yields. Traders continued to […]
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 […]
The Mexican Peso trades little changed as traders await news of the US presidential election. The winner could have a significant impact on the Peso in the days to come. Technically, USD/MXN continues to trade below the opening chart gap it formed when it broke lower on Monday. The Mexican Peso (MXN) fluctuates between tepid […]
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 […]
Gold recovers after the steep sell-off on the previous day amid rising safe-haven flows. Hopes of a ceasefire in the Middle East were dashed after Hezbollah launched a rocket attack, killing seven people in northern Israel. Gold could be impacted by the release of US Nonfarm Payrolls data on Friday as it could change the […]
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 […]
