USDMXN looking to push to prepandemic lows
Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.
Source: cityindex.co.uk
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Mexico CPI still coming in hot USDMXN near key support
USD/MXN is caught between a long-term support zone and the downward sloping trendline of a long-term descending triangle.
Source: cityindex.co.uk
Mexico inflation highest in nearly 20 years
Banxico, has been hiking interest rates at 25bps clips. However, inflation is rising even faster!
Source: cityindex.co.uk
Mexicos inflation continues to rise despite interest rate increases USDMXN
The YoY headline inflation number for mid-month October rose to 6.12% from 5.87% in September
Source: cityindex.co.uk
Banxico Preview: Higher inflation, but can they leave rates unchanged?
Banxico Preview: Higher inflation, but can they leave rates unchanged? Joe Perry May 12, 2021 12:37 AM Mexico’s inflation rate for April was 6.08%, the highest since December 2017 Share: As mentioned in the Week Ahead, it’s a slow week for Central Bank meetings. However, the Bank of Mexico (Banxico) meets on Thursday to discuss interest rate policy. Banixco has been lowering rates since before the pandemic began. When the coronavirus hit in ...
Source: cityindex.co.uk