The Mexican Peso (MXN) extends losses in its key pairs on Thursday.
The Mexican Peso is depreciating in its key pairs ahead of the release of key data on Thursday. Mexican inflation and GDP data could provide volatility, whilst flash PMIs in Europe and the US could influence counterparts. USD/MXN shrugged off negative economic news from the US and continued rising on Wednesday. The Mexican Peso extends losses in its key pairs on Thursday. The decline broadens the trend of the last few days, which has seen MXN lose 1.50% to 1.
Mexican 1st Half-Month Inflation for August and Q2 Gross Domestic Product data will be published by INEGI at 12.00 GMT. Followed by the Minutes from the Banco de Mexico’s August policy meeting. In the Eurozone and UK, meanwhile, preliminary Purchasing Manager Indexes for August will be released at 8.00 and 8.30 GMT, respectively. Similar data for the US will be published at 13:45 GMT.
Technical Analysis Fundamental Analysis SEO
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexican Peso holds steady on TuesdayThe Mexican Peso (MXN) held close to flat on Tuesday, paddling around 19.00 as Peso traders find their balance following a 1.2% drop in the MXN’s value against the Greenback.
Read more »
Mexican Peso struggles to add in a fourth gain in a rowThe Mexican Peso (MXN) eased slightly higher against the Greenback on Friday, but bullish momentum behind the MXN is draining quickly after putting in three straight days of gains.
Read more »
Mexican Peso falls back after Mexico Retail Sales misfireThe Mexican Peso (MXN) took a step back against the US Dollar on Tuesday after a miss in Mexican Retail Sales.
Read more »
Mexican Peso stalls in uptrend on rumors of carry trade unwindingThe Mexican Peso (MXN) edges lower at the start of the European session on Tuesday, as rumors persist that the carry trade which had hitherto been favorable for the Peso is unwinding.
Read more »
Mexican Peso pares recent gains as bulls reloadThe Mexican Peso (MXN) returned six-tenths of one percent to Greenback bidders on Monday, paring back recent gains as Peso bulls took a breather.
Read more »
Mexican Peso slumps amid weak Retail Sales ahead of GDP dataThe Mexican Peso depreciated over 1.20% against the US Dollar in early trading on Wednesday as traders digested Mexico’s dismal Retail Sales report and awaited the release of a revision of US employment figures.
Read more »