USDMXN

It appears that Mexico's inflation is finally getting under control. But, at the same time, the economy is starting to sputter. So far it has only barely escaped a technical recession, with growth far from prior levels. But, the Central… Read More

Urzua Leaves Over Presidential Clashes It's been a volatile week for the Mexican peso. The currency cratered lower yesterday in response to the shocking resignation of the country’s finance minister Carlos Manuel Urzua Marcias. In a… Read More

Officials at the Banco de Mexico, the Mexican central bank hiked interest rates on Thursday by 25 basis points as widely expected by economists. This pushed the interest rates to 7% in Mexico. Policy makers said that the borrowing costs… Read More

Agustín Carstens, Governor of Bank of Mexico. Image via Banco de Mexico Market Expecting Further 25bps Rise On Thursday, traders will turn their attention to the Mexican central bank interest rate decision where the bank are widely… Read More

Banxico, the Mexican central bank, at its monetary policy meeting yesterday hiked the benchmark interest rates 50 basis points to 6.25% in a widely expected move. The decision to hike interest rates comes amid a modest recovery in the… Read More

Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms.  In the first 8 trading days of 2017, the Peso… Read More