The Mexico consumer confidence has risen to 47.3 from 47.2, its highest level since February 2019. According to the National Institute of Statistics and Geography (INEGI), monthly increases were observed in the components related to the current and expected economic situation of household members. In contrast, the components that evaluate the future economic situation of the country and the current possibility of household members to make purchases of durable goods registered monthly decreases. For its part, the indicator that measures the current economic situation of the country remained at the level of the previous month.
Mexican peso reaction
The Mexican Peso has given up some ground against the US Dollar following the data, causing the USD/MXN to advance to 16.56, a new daily high. At the time of writing, the pair is trading above 16.55, gaining 0.12% daily.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
