Mexican Peso collapsed to 18.40 against USD after AMLO’s remarks on judicial and transparency reforms. AMLO’s comments on judicial reform and dissolution of autonomous bodies spur investor concerns. Mexico’s headline inflation rises for third month, while core inflation declines for 16th consecutive month. Strong US employment data boosts speculation of prolonged higher Fed rates. The […]
Mexican Peso recovers slightly, breaking three-day losing streak. Mexico’s wider April trade deficit and slower economic growth are reported by INEGI. Banxico minutes show division on rate cuts amid ongoing inflation, emphasizing commitment to price stability. US Durable Goods Orders beat expectations, but March’s figures are revised down heavily. The Mexican Peso snapped three days […]
Mexico Trade Balance s/a, $: $-2.578B (April) vs previous $-1.583B Source link
Share: USD/MXN loses momentum near 16.77 amid the USD weakness. Federal Reserve (Fed) Chairman Jerome Powell said that additional rate hikes cannot be ruled out if required. Banxico’s policymakers cited the potential additional rate hikes to ease inflationary pressures. Market players will keep an eye on Mexico’s GDP, US CB Consumer Confidence. USD/MXN […]
Mexico Trade Balance, $ came in at $-0.881B, above forecasts ($-1.677B) in July Source link
