Mexico's Judicial Reform Advances, USD/MXN Expected to Rise Mexico's judicial reform took a significant step forward as the lower house of parliament approved the legislation's basic text. While some details
The Mexican Peso faced losses against the US Dollar for the second consecutive day, but has shown some signs of recovery. The USD/MXN pair dropped from around 19.98 following the
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Banxico's Deputy Governor Calls for Lower Borrowing Costs to Prevent Market Distortions In a recent interview with Larissa Garcia of Market News International (MNI), Banxico's Deputy Governor Omar Mejia Castelazo
The Mexican Peso showed strength against the US Dollar as core PCE inflation fell below expectations, leading to speculation of potential rate cuts by the Federal Reserve. At the current
Banxico anticipates further rate cuts in the remaining meetings of the year, with analysts predicting a downward trend in interest rates. This move is expected to have an impact on
The Mexican Peso faced a sharp decline against the US Dollar as Banxico revised down Mexico's growth expectations for 2024 and 2025. Political turmoil surrounding judiciary reform and autonomous bodies
As the planned judicial reform in Mexico progresses, the Peso faces heightened volatility in the financial markets. The reform recently passed its first parliamentary hurdle, sparking concerns from US and
The Mexican Peso showed signs of recovery against the US Dollar amidst political uncertainties in Mexico, including the judiciary reform and President AMLO's decision to pause relations with the US
The Peso Hits Yearly Low Against Dollar Amid Morena's Judicial Reforms Debate In a recent analysis by ING’s FX strategist Chris Turner, the Peso closed at its lowest levels of