Friday , 27 September 2024
Home Forex Mexican Peso fluctuates between gains and losses after Banxico decision
Forex

Mexican Peso fluctuates between gains and losses after Banxico decision

The Mexican Peso (MXN) fluctuates between tepid gains and losses in its major pairs on Friday, a day after the Bank of Mexico (Banxico) policy meeting at which the bank decided to cut interest rates by 25 basis points (0.25%), bringing the official cash rate down to 10.50% from 10.75% previously.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Canada GDP for July 0.2% versus 0.1% expected

Prior month 0.0%Real GDP increased by 0.2% in July, following no change...

China cuts borrowing cost of standing lending facility by 20 bps

The PBOC continues to deliver on easing.The SLF cuts are to the...

US wholesale inventories advanced for August 0.2% versus 0.3%

Prior month 0.3%Wholesale inventories for August 2024 were $905.7 billion, up 0.2%...

US Advanced goods trade balance for August $-94.26 billion vs. -100.60B estimate

Prior month -102.6BInternational trade deficit in August: $94.3 billion (down $8.6 billion...