The Mexican Peso continues its upward trend against the US Dollar, fueled by stronger Gross Fixed Investment in Mexico and mixed US inflation data. While headline inflation in the US increased, core figures fell below expectations, suggesting a potential for continued Fed easing. Divergent monetary policies between the Bank of Mexico (Banxico) and the Federal Reserve (Fed) could limit the Peso's advance.
The Mexican Peso maintains its upward trajectory against the Dollar, buoyed by improved Gross Fixed Investment in October. Mixed US inflation data, with core figures below expectations, bolsters the market view of possible continued Fed easing. Divergent monetary policies between Banxico and the Fed could limit the Peso’s advance, with key economic data due next week.
He said he still sees continued progress on inflation and added that for the last six months, PCE inflation has run close to the 2% goal. Earlier, Richmond Fed Thomas Barkin commented that inflation is approaching the 2% target and added that the labor market has stabilized. Minneapolis Fed President Neel Kashkari said that tariffs do not cause inflation. But tit-for-tat retaliation is more complicated. USD/MXN technical outlook: Mexican Peso recovers as USD/MXN falls below 20.
MEXICAN PESO US DOLLAR INFLATION FED BANDEXICO GROSS FIXED INVESTMENT
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