The Mexican peso has recently appreciated against the U.S. dollar due to optimism surrounding potential tariff moderation by the Trump administration, leading to a 1.4% drop in USD/MXN.
Consumer confidence in Mexico saw a decline in December, registering at 47.1 points, the lowest in five months, reflecting uncertainty about the economic outlook and possible pressure on the peso.
The market is sensitive to central bank signals, and upcoming Federal Reserve minutes could decisively impact the dollar's strength versus the peso, influencing overall currency trends.
Economic data due this week, including inflation and industrial production, will be critical in shaping market perception; strong results could bolster the peso, while weak data may intensify selling pressure.
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