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 […]
The Mexican Peso trades in a tight range on Tuesday as the currency recovers from the post-election sell-off. President-elect Claudia Sheinbaum seeks to calm markets with positive messages about the economy and the popularity of reforms. USD/MXN continues pulling back in the midst of a short and medium-term uptrend. The Mexican Peso (MXN) appreciates on […]
The Mexican Peso fell over 8.0% in its key pairs last week as a result of election volatility. The Peso further weakens after a speech by outgoing president Obrador argues radical reforms are required to cure endemic corruption. USD/MXN keeps marching higher and now trades well above 18.00. The Mexican Peso (MXN) makes a marginal […]
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 […]
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 […]