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Mexico’s data off to a bad start after latest Banxico meeting: USD/MXN
If inflation continues to fall in Mexico over the next month, and economic data is weak, Banxico will have a tough time justifying higher rates
Currency Pair of the Week: USD/MXN
If Banixco continues to be more hawkish than the FOMC, USD/MXN could continue lower
Don’t forget about Banxico on Thursday
Banxico is expected to leave rates unchanged after a year and a half of easing rates from mid-2019 to March of this year
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Banxico Preview: Higher inflation, but can they leave rates unchanged?
Mexico’s inflation rate for April was 6.08%, the highest since December 2017
Mexican inflation expected to heat up
If the inflation data is much stronger than expected, USD/MXN may continue moving lower
Stronger US rates and weaker stocks push USD/MXN higher
As a result of risk off, emerging markets currencies also took a hit.
Currency pair of the week: USD/MXN
The Bank of Mexico meets this week and there is a possibility they may cut rates
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