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Bank notes of different currencies

Mexico CPI continues to rise; rate hikes not helping yet

The headline mid-month inflation rate for July is 8.16% YoY , led primarily by rising food costs. This is the highest level of inflation in 21 years!

Board of currencies

EM FX: Turmoil in emerging currencies pose big risk to markets

It is worth watching EM currencies closely here as there is a risk we could see further, sharp, selling, which, in turn, could provide a fresh source of threat to the global financial markets.

Bank notes of different currencies

Bank of Mexico hikes 75bps after higher inflation reading

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!

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Bank notes of different currencies

Bank of Mexico hikes 75bps after higher inflation reading

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!

Bank notes of different currencies

USD/MXN looking to push to pre-pandemic lows

Both a hawkish Bank of Mexico and the rise in Crude Oil prices have been pushing USD/MXN lower.

Bank notes of different currencies

Mexico CPI still coming in hot; USD/MXN near key support

USD/MXN is caught between a long-term support zone and the downward sloping trendline of a long-term descending triangle.

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April 8, 2022 05:01 AM
    Bank notes of different currencies

    Banxico hikes rates 50bps; USD/MXN testing key support

    The Central Bank of Mexico increased interest rates by 50bps and revised its inflation forecasts higher. However, it seems that USD/MXN traders were already expecting it!

    Bank notes of different currencies

    Mexico inflation highest in nearly 20 years!

    Banxico, has been hiking interest rates at 25bps clips. However, inflation is rising even faster!

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    December 10, 2021 07:38 AM
      Bank notes of different currencies

      Banxico only hikes 25bps despite inflation readings

      Inflation data showed that the October YoY CPI was 6.24%

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      November 12, 2021 09:50 AM
        Bank notes of different currencies

        Inflation and Banxico: USD/MXN

        Inflation data on Tuesday may determine whether the Bank of Mexico hikes rates by 25bps or 50bps on Thursday.

        Bank notes of different currencies

        Mexico’s inflation continues to rise despite interest rate increases USD/MXN

        The YoY headline inflation number for mid-month October rose to 6.12% from 5.87% in September

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        October 23, 2021 02:36 AM

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