The Mexican peso began the week positively against the U.S. dollar, spurred by a weaker greenback. However, domestic data indicates a slowing economy, particularly marked by a 0.2% decline in Mexico's Global Indicator of Economic Activity (IGAE) month-on-month in January. While certain sectors like primary activities saw growth, key areas like mining and manufacturing faced contraction. Inflation trends show improvement with a decrease to 3.67%, but ongoing economic challenges may limit the peso's future gains and influence Bank of Mexico's monetary policy.
The Mexican peso has shown initial strength against the U.S. dollar due to a weaker greenback, but this optimism may be fleeting.
Mexico's economic indicators show mixed results, with the Global Indicator of Economic Activity indicating declines that could threaten the peso's stability.
Both the mining and manufacturing sectors are experiencing substantial challenges, which could hinder overall economic growth and impact the peso negatively.
Despite inflation showing signs of moderation, with a drop to 3.67%, the economic slowdown may limit any potential gains for the peso.
Collection
[
|
...
]