Mexican peso among the best performing currencies on Tuesday, regains lost ground. Dollar correction throughout the market favors emerging market currencies. The USD / MXN is falling on Tuesday, ending a four-day streak of gains. The price returned below 21.30 after reaching 21.63 on Monday the highest intraday level since early November. The The reversal […]
Tag: Mexico
USD / MXN continues to rise and exceeds 21.50, reaches new highs in four months
Mexican peso falls for the fourth day in a row against an increasingly strong dollar. USD / MXN above 21.50, tip to 21.75 where the next intermediate resistance is. USD / MXN is rising for the fourth day in a row and is trading just below 21.60, at the highest intraday levels since early November. […]
Banxico projects a GDP growth of 4.8% in 2021
In your latest forecasts, the central bank of Mexico (Banxico) He said this Wednesday that he hopes Gross Domestic Product (GDP) expand 4.8% in 2021 and 3.3% in 2022, as reported Reuters. Additional declarations “Banxico forecasts an inflation of 3.6% in the fourth quarter of 2021”. “The economy is expected to create between 250,000 and […]
USD / MXN shoots up to test 20.80, targeting 21.00
Strong fall in emerging currencies, with the Brazilian real and the Mexican peso among the worst. USD / MXN ends the downward correction and could retest 21.00. USD / MXN is up nearly 1% on Wednesday driven by a The dollar rally due to an advance in Treasury bond yields and also due to the […]
Arcelor entrusts Sarralle with a 755 million euro steel company in the US that will produce steel for the automotive industry
Sarralle, the Gipuzkoan company that emerged in the 1960s in Azpeitia, will be in charge of the construction of a huge ArcelorMIttal steelworks in Alabama (USA). A major technological challenge to build a practically entirely steel which, in a second phase, will be complemented with a second line. ArcelorMIttal intends to start up its new […]
USD / MXN firm above 20.50, aiming for 21.00
Mexican peso among the worst performing in the week. The dollar with mixed results, between rises in yields and in the stock markets. USD / MXN is declining modestly on Tuesday, after rising to 20.82, the highest level since early November. The cross is operating at 20.65, still with the bullish tone intact, in Powell’s […]
USD / MXN rises to test highs above 20.30 amid weakness of the Mexican peso
Mexican peso among the worst performing currencies on Thursday. USD / MXN rises for the third day and returns around 20.30. The USD / MXN is rising on Thursday for the third day in a row, supported by a fall in stocks and also by a general decline in the Mexican peso. The price reached […]
USD / MXN rises to highs in almost two weeks near 20.40
Strength of the dollar and fall in the stock markets boost the USD / MXN. Technical outlook begins to favor bullish tone. The USD/MXN it rose to 20.38 amid a broad market rally in the dollar, which was also against emerging market currencies. In turn, the fall in the stock markets further weakened the demand […]
Mexican peso fails to hold below 20.00 and the dollar gains momentum
Emerging currencies are mostly down against the dollar. USD / MXN around the important 20.00 zone. USD / MXN fell to 19.89 on Thursday, the lowest level in two weeks, but then rebounded, cutting losses. It closed the day at 19.95 and today it is rising modestly and is trading at 20.02. USD / MXN […]
Banxico reduces its interest rates to 4% from the previous 4.25%
The Central Bank of Mexico (Banxico) today announced a rate cut of 25 basis points, as expected. Rates now stand at 4% compared to 4.25% previously, its lowest level since mid-2016. Banxico statement Global economic activity continued to recover at a more moderate and heterogeneous pace across countries and sectors. Global financial markets have shown […]