Wednesday , 12 February 2025
Home Forex Mexican Peso dives amid firm US Dollar and widening trade deficit
Forex

Mexican Peso dives amid firm US Dollar and widening trade deficit

The Mexican Peso depreciated sharply as the week began after data revealed Mexico’s Balance of Trade deficit widened — its worst reading since August 2020, according to data revealed by the Instituto Nacional de Estadistica, Geografia e Informatica (INEGI).

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

EURUSD Technical Analysis – Focus on the US inflation data

Fundamental OverviewThe USD got a short term boost recently as Trump floated...

What is the distribution of forecasts for the US CPI?

Why it's important?The ranges of estimates are important in terms of market...

European indices hold a slight advance at the open today

Eurostoxx +0.3%Germany DAX +0.2%France CAC 40 +0.3%UK FTSE flatSpain IBEX +0.7%Italy FTSE...

ECB’s Villeroy: US tariffs will most likely have a negative impact on the economy

There will very likely be a negative effectProtectionism is a seductive short-term...