The Mexican Peso makes gains against the US Dollar after the release of lower-than-expected US PPI inflation data. The data weakens the US Dollar and increase the probability of a 0.50% interest rate cut by the Fed in September. The Peso suffered after weak Mexican consumer confidence data and central banker comments weighed. US inflation…
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…
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) trades higher…
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…