Monday , 25 November 2024
Home Forex Mexican Peso slumps as economy slows down, increasing Banxico’s rate cut hopes
Forex

Mexican Peso slumps as economy slows down, increasing Banxico’s rate cut hopes

The Mexican Peso extended its agony and printed losses of more than 0.80% against the Greenback after the preliminary release of the Gross Domestic Product (GDP) for Q2 2024.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB’s Lane: Monetary policy should not remain restrictive for too long

Barring new geopolitical or political risks, a large part of the final...

Reminder: It will be a holiday-shortened week in the US

And typically, that means broader markets will likely observe a more quiet...

Dollar down as Trump picks Scott Bessent for role of Treasury secretary

The initial reaction seems to be that billionaire Scott Bessent is a...

FX option expiries for 25 November 10am New York cut

There are just a couple to take note of, as highlighted in...