The Mexican peso experienced volatility against the US dollar as market participants reacted to trade policy developments and economic data. President Trump's potential tariffs on countries buying Venezuelan oil contributed to this uncertainty, raising concerns over economic stability. While weak US consumer confidence may exert pressure on the dollar, Mexico's January retail sales exceeded expectations, boosting optimism regarding domestic consumption. Nevertheless, ongoing structural challenges and inflationary pressures could hinder the peso's performance, as Banxico's potential rate cuts impact future gains.
The Mexican peso faced volatility due to trade policy shifts and economic data, with potential US tariffs on Venezuelan oil creating uncertainty for the currency.
Despite disappointing US consumer confidence, Mexico's January retail sales exceeded expectations, indicating strong consumption that may support the peso's stance.
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