Mexican Peso tumbles as USD/MXN rallies above 20.00 following mixed US jobs data, hitting a daily high of 20.09 before retreating. Fed rate cut expectations remain uncertain, fluctuating between 50 and 25 bps, adding pressure on the Mexican Peso. Political instability in Mexico, driven by controversial judicial reforms, keeps traders risk-averse toward the Peso. The […]
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 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 […]
Mexican Peso slumps to weekly low of 18.81 as disappointing GDP data sparks USD buying. Mexican Q2 GDP growth at 0.2% QoQ, below estimates of 0.4%, trails Q1’s 0.3%. Economic slowdown increases odds of Bank of Mexico rate cut; next meeting on August 8. The Mexican Peso extended its agony and printed losses of more […]
Mexican Peso trims losses but still set for over 2% weekly decline. US PCE Price Index signals steady inflation, boosting Fed rate cut expectations. Judiciary reform talks in Mexico start August 1, stirring economic and political concerns. The Mexican Peso trimmed some losses against the US Dollar on Friday, yet it’s set to end the […]
Mexican Peso extends gains as USD/MXN reaches 17.68 after hitting five-week low of 17.62. Mexico’s Industrial Production rebounds in May, indicating resilience amid economic slowdown. Banxico minutes suggest potential rate adjustments, while US producer inflation rises and consumer sentiment deteriorates. The Mexican Peso extended its rally for the ninth consecutive trading day against the Greenback […]
Mexican Peso hit an eight-day high of 17.99 before losing traction. Light economic week in Mexico; upcoming data includes May CPI, Consumer Confidence, and Banxico meeting minutes. US Nonfarm Payrolls exceed expectations; revisions to prior months fuel predictions of Fed easing. The Mexican Peso was virtually flat against the US Dollar on Friday after seesawing […]
