Mexican Peso strengthens to 19.60 against the Greenback, supported by anticipation ahead of Claudia Sheinbaum’s October 1 inauguration. Business Confidence for September, expected on October 2,...
The Mexican Peso modulates between weak gains and losses on Monday. The week ahead promises to be busy for traders of the Peso’s key counterparts, given...
The Mexican Peso seesaws between tepid gains and losses following the Bank of Mexico (Banxico) meeting. The bank decided to cut interest rates by 25 bps...
Mexican Peso is virtually unchanged after hitting a daily high of 19.46. Banxico expected to cut rates by 25 bps, but a larger cut could push...
The Mexican Peso edges higher ahead of the Banxico meeting on Thursday. Most analysts expect a moderate 0.25% cut to the central bank’s cash rate. USD/MXN steadily...
Mexican Peso declines as USD/MXN climbs over 1.40%, driven by expectations of further Banxico rate cuts. Cooling inflation in early September bolsters the case for a...
Mexican Peso strengthens after US Consumer Confidence deteriorated. Mexico’s inflation fell below estimates in September, with core inflation easing under 5%, boosting expectations for a 25...
The Mexican Peso trades steadily after the release of Mexican inflation data. Banxico will hold its meeting on Thursday; a 25 bps rate cut is expected. USD/MXN...
Mexican Peso declines for fourth day as USD/MXN recovers from daily low of 19.29. Mexico’s Economic Activity expanded in July, but Retail Sales contracted for the...
The Mexican Peso extends its recovery after the release of US Core PCE data, the Fed’s preferred gauge of inflation. The Peso was already weakening as...
Mexican Peso losses some 0.20% despite recovering from a six-week low. US GDP data for Q2 2024 surpasses expectations, a headwind for the US Dollar. Concerns...
The Mexican Peso is weakening as international investors unwind the Peso-favorable “carry trade”. A negative spell of data has further weakened the Peso as Banxico sets...
Mexican Peso depreciates over 1% against USD, trades above 18.30. INEGI’s mid-month inflation data reveals mixed results, halting disinflation and raising concerns. Political uncertainty grows as...
Mexican Peso drops sharply, trading at 18.09, with market focus on upcoming inflation and GDP data. Mexico’s economy decelerates, with retail sales missing expectations, fueling a...
USD/MXN gains ground due to risk-off sentiment despite dovish sentiment surrounding the Fed. Vice President Kamala Harris had secured endorsements for the leading candidate for the...
Mexican Peso gains 0.55%, trading at 17.92, after better-than-expected Economic Activity data. INEGI reports strong economic activity for May, offsetting slow retail sales growth. US political...
USD/MXN loses ground due to increased risk sentiment amid dovish Fed. CME Group’s FedWatch Tool suggests a 91.7% probability of a 25-basis point rate cut in...
Mexican Peso plunges more than 2.30% in the week. Mexico’s creditworthiness remains solid as Fitch reaffirms Mexico’s BBB rating but warns about the judiciary reform. Trump’s...
USD/MXN gains ground due to increased risk aversion despite the dovish Fed. The US Dollar may limit its upside due to rising speculation of the Fed...
Mexican Peso edges down 0.20% as USD/MXN rebounds from a daily low of 17.63. IMF lowers Mexico’s 2024 GDP forecast from 2.4% to 2.2% amid economic...