The Mexican peso is mixed against a basket of currencies to end the trading week. Investors are combing through the nation’s latest industrial production numbers for July, while also monitoring monetary policy. With inflation lower than what central banking officials want and the economy enduring immense uncertainty, analysts are unsure how the government will tackle the situation.
The Mexican peso fell versus the US dollar today despite the greenback was soft itself. The likely reason for the peso’s weakness was Mexico’s poor macroeconomic data. Escalation of the US-China trade war also had a very negative impact on the currency.
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.
The Mexican peso sank versus the US dollar today amid political turmoil caused by the surprise resignation of Mexico’s finance minister. Nation’s consumer inflation slowed a bit last month but was not bad overall.
The Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.
The Mexican peso traded sharply higher today after Monday’s trade started. The currency gained on the news that the United States and Mexico managed to reach a deal that will allow to avoid a tariff war.
The US dollar ended the past trading week as the weakest currency on the Forex market. Prospects for an interest rate cut from the Federal Reserve was one of the main themes for talks among investors lately. But the latest developments in the trade war saga may change things.
The Mexican peso tanked today, logging huge losses, after US President Donald Trump signaled that Mexico will be another target for US trade wars.
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 […]
The Mexican peso weakened against a basket of currencies towards the end of the trading week after the economy contracted in the first quarter. Despite the deceleration across the country, the peso is still one of the best performing currencies so far this year. Could it hold up after a plethora of forecasts suggest the Mexican economy is in store for a rough period?
