- The USD/MXN loses 0.17% daily, falling from a maximum of the day in 19,4591.
- The dollar index (dy) advances 0.31% on Thursday, reaching a daily maximum in 99.93.
- The Gross Domestic Product of Mexico grew by 0.8% year -on -year in the first quarter of the year, in line with market estimates.
- The Global S&P manufacturing PMI of the United States rose to 52.3 points in May, improving the projections of analysts.
The USD/MXN reacted down from May 19 in 19,4591, attracting vendors that dragged parity to a minimum of the day in 19,3295. Currently, the USD/MXN is traded at 19,3349, losing 0.17% today.
The Mexican weight is strengthened by fulfilling growth expectations
Based on information published by the National Institute of Geography and Statistics (INEGI), the Gross Domestic Product of Mexico (GDP) increased at a rate of 0.8% year -on -year in the first quarter of the year, in line with the previous and planned figures. The intertrametral GDP grew 0.2%, matching the pace of the anterior quarter, as well as the one projected by the analysts.
In the same tune, the consumer price index rose 0.09% monthly in the first half of May. This figure is after the increase of 0.12% recorded in the fortnight of the previous month. After these results, the annual general inflation stood at 4.22%.
The preliminary PMIS of the United States Global increase in May
On the other hand, the Global S&P manufacturing PMI improved up to 52.3 points from 50.2 observed the previous month. At the same time, the PMI of Services rose to 52.3 from 50.8. Finally, the integrated PMI of May when it increased to 52.1 points from the 50.6 observed in April.
The dollar (DXY) index reacts up from a minimum of the day at 99.44, reaching a maximum which newspaper at 99.93, ending with three consecutive days down.
USD/MXN Price levels
The USD/MXN established a short -term resistance given by the maximum of May 6 in 19,7819. The following important resistance is found in 21,0807, maximum of April 9. Down, the key support level is observed in 18.59, pivot point of August 16, 2024.
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.
