Mexican Peso erased gains of 0.61% and turns negatively as Trump’s threat of 25% tariffs would be enacted. The White House denied Reuters’ report about US delaying tariffs implementation to March 1. Mixed US economic indicators and Fed commentary maintain cautious market sentiment. The Mexican Peso (MXN) erases some of its earlier gains and losses…
Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and…
Mexican Peso hovers near the 50-day SMA at 20.11, with the USD/MXN showing minimal movement after US PMIs data. Banxico is widely anticipated to cut rates following encouraging November inflation figures, with most economists predicting a 25 bps reduction. Anticipation builds around upcoming rate decisions from the Fed and Banxico. The Mexican Peso begins the…
Mexican Peso appreciates 0.50% against the Dollar following a week of mixed US data, bolstering Fed rate cut odds. Light economic docket sees US Import Prices rise slightly, while Export Prices decline in November. Upcoming decisions by the Fed and Banxico next week could further influence USD/MXN. The Mexican Peso recovered after registering losses on…
Mexican Peso makes a late session recovery, supported by strong Q3 GDP figures and lower mid-month inflation. Concerns linger as Mexico’s legislative changes could impact its status in the USMCA agreement, potentially affecting trade dynamics. Banxico Governor indicates readiness to cut rates further if inflation trends continue downward, influencing Peso’s strength. US economic data, including…
Mexican Peso continues its upward trend for the fourth consecutive day amid favorable risk sentiment. Banxico’s recent rate cut to 10.25% reflects ongoing inflation concerns with forecasts adjusted to 4.7% end for 2024. Moody’s adjustment of Mexico’s credit outlook to negative highlights potential fiscal and economic challenges from judicial reforms. Traders monitor potential impact of…
The Mexican Peso weakens on rumors Donald Trump has offered the job of trade representative to Robert Lighthizer. The former US trade rep is known for his protectionist stance and could squeeze Mexico in future talks. The Peso is further weighed by concerns the Republicans will win a majority in Congress, giving them a “clean…
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,…
Mexican Peso gained 0.90% earlier on Friday but erased gains amid a weaker US Dollar. US Dollar Index hit a two-month high before retreating to 103.48, down 0.23% on Friday. China’s stimulus measures provided brief support to the Peso. The Mexican Peso remained firm against the US Dollar on Friday yet erased earlier gains, which…
The Mexican Peso halts its march lower after strong economic data from the US, its largest trading partner. China data tempers slowdown fears and also supports emerging market FX, including the MXN. USD/MXN stalls, forms a Shooting Star candlestick pattern and reverses. The Mexican Peso (MXN) trades higher in its most heavily-traded pairs on Friday…