Loading…
The Mexican peso fell more than 1.7% against the dollar on December 7 to about 17.40 after Mexican November inflation came in at 4.32%, below forecasts. The data fueled speculation that Banxico could start cutting rates in 2024.
Rate-cut expectations weaken the peso and raise the dollar cost of Mexican imports, while the lower-than-expected inflation print is a modest signal for Mexican policy easing.
atozmarkets.comYour capital is at risk.Dec 8, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
