Mexican Peso dips over 1%; USD/MXN rises from 19.86 as Senate nears judicial reform vote. Foreign institutions and ratings agencies suggest economic risks and potential downgrade if reform is approved. Weaker-than-forecast inflation raises likelihood of Banxico rate cut on September 26; US Fed anticipated to cut rates by 25 bps soon. The Mexican Peso depreciated…
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…
Mexican Peso edges down after recovering over the past five trading days, exchanging hands at 18.41 against the US Dollar. Political developments, including judiciary reform, weigh on sentiment, sparking flows out of the Peso. Fed officials maintain cautious stance on inflation, affecting market expectations on monetary policy. The Mexican Peso registers minuscule losses versus the…
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…