Monday , 23 September 2024
Home Forex Mexican Peso depreciates as traders eye Banxico rate cut
Forex

Mexican Peso depreciates as traders eye Banxico rate cut

The Mexican Peso extended its losses for the fourth straight day against the Greenback, erasing earlier gains as traders digested mixed economic data from Mexico, while S&P Global revealed that business activity in the US remains solid but ticked lower.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

3 forecasts for the first RBA rate cut: December ’24, February, May ’25

The Reserve Bank of Australia will announce its latest decision today at...

Reserve Bank of Australia meeting today – preview – on hold expected

The Reserve Bank of Australia statement is coming at 0030 US Eastern...

UK PM Starmer is speaking on Tuesday – will say tough decisions are needed

Financial Times (gated) in brief on what PM Staremr will be saying...

JP Morgan sees US equities higher still – plenty of supportive macro

JP Morgan remark on US stock market strength, with the view that...