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Mexican Peso Slides As Industrial Output, Fixed Investment Drop

The Mexican peso slipped against multiple currency rivals to kick off the trading week as weak industrial output, fixed investment, and consumer confidence impacted the currency. Despite the disappointing numbers, the central bank anticipates the economy to record a strong first quarter. Is this enough to lift the peso?

Mexican Peso Demonstrates Good Performance Despite Interest Rate Cut by Banxico

Friday’s performance of the Mexican peso was rather good considering that Mexico’s central bank decided to cut interest rates. The currency was about flat versus the US dollar and even managed to gain on the extremely weak euro. The good performance could be explained by the fact that the bank refrained from a deeper cut and its policy statement sounded less dovish than expected.

Mexican Peso Strengthens Despite Doubts Over USMCA

The Mexican peso is strengthening against several currency pairs on Thursday, despite doubts over the trade agreement between the US, Mexico, and Canada. The peso is gaining on expectations of modest third-quarter growth and it is still getting a boost from the central bank recently cutting interest rates. 

Mexican Peso Resilient Despite Central Bank’s Minutes, Declining Industrial Production

The Mexican peso was relatively stable today despite dovish monetary policy meeting minutes of the nation’s central bank and unfavorable domestic macroeconomic data. Political turmoil was also putting pressure on the currency, which was surprisingly resilient during the current trading session.

Mexican Peso Gains on US Dollar Ahead of Central Bank’s Meeting

The Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.

Mexican Peso Weakens Despite Nearing Repeal of US Steel Tariffs

The Mexican peso is weakening against several major currencies toward the end of the trading week. Despite senior officials claiming that they are close to striking a deal that would see the US repeal its tariffs on steel and aluminum from Mexico, the peso was unable to take advantage. This could show that traders are more concerned about its fledgling economy and the political turmoil that has unfolded […]

Mexican Peso Weakens on Trump Border Threat, Incoming Government

The Mexican peso weakened against its American counterpart at the end of the trading week. The peso tumbled after President Donald Trump threatened to close the US-Mexico border. The currency is also struggling to rally as the nation’s incoming leftist government will soon come to power.

USD/MXN Rises a Little After Mexican Central Bank Raises Key Rate

The Mexican peso slipped a bit against the US dollar during the American trading session after Mexico’s central bank raised its overnight interbank funding rate.

Mexican Peso Gains on US Dollar After Interest Rate Hike

The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates.

Mexican Peso Extends Slump Despite Interest Rate Hike

The recent slump of the Mexican peso, which followed the unexpected outcome of the US presidential elections prompted the central bank of Mexico to raise interest rates yesterday. But that did not help the currency much, and it continued its drop today.

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