Mexican Peso (MXN) registers solid gains against the US Dollar (USD) at the end of the week, though it remains printing weekly losses of more than 1%,
Mexican Peso exchange rate with the US Dollar remains on the defensive, printing more than 1% weekly losses. August Retail Sales in Mexico show a mixed picture, with gains over the year but a monthly plunge and signs of deceleration. Geopolitical risks cap Peso's gains, including tensions in the Middle East and US military base attacks. as risk-aversion took its toll against risk-perceived currencies in the Forex markets. On Friday, the USD/MXN was trading at around 18.24, down 0.
portrays the Mexican economy growing at a 3.12% YoY pace. US Initial Jobless Claims for the week ending October 14 rose by 198K, below estimates and previous week data, each at 212K and 211K, respectively. US Existing Home Sales rose by 3.96M in September, below August’s 4.04M, a -2% contraction. US Building Permits plummeted -4.4% in September, compared to last month’s 6.8% increase. Housing Starts for the same period previously mentioned rose by 7%, exceeding August’s -12.5% drop.
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