The Mexican Peso (MXN) fell during the North American session on Thursday, depreciating more than 0.5% against the US Dollar following the release of the Gross Domestic Product (GDP) in the United States (US) for the first quarter of 2024, which was weaker than expected.
Mexican Peso depreciates by over 0.5% against US Dollar, reacting to unexpected inflation reacceleration in the US. US GDP growth for Q1 2024 falls short of forecasts at 1.6%, but a sharp increase in core PCE inflation to 3.7% boosts US yields. The rise in US yields and recalibrated Fed rate cut expectations drove USD/MXN to a weekly high of 17.38. The Mexican Peso fell during the North American session on Thursday, depreciating more than 0.
Technical analysis: Mexican Peso on backfoot as USD/MXN rallies toward 200-day SMA The Mexican Peso downtrend continues as the USD/MXN has cleared the 200-day Simple Moving Average at 17.16. The rally was capped at the January 23 swing high of 17.38. The exotic pair has retreated since then. If USD/MXN sellers drag spot prices below the 200-day SMA, look for a retest of the 17.00 figure. Subsequent losses are seen, once cleared, with the next support being the 50-day SMA at 16.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mexican Peso dips amid solid US GDP figures, Fed’s Waller commentsThe Mexican Peso was on the defensive against the US Dollar on Thursday, with buyers capitalizing on the exotic pair's dip toward an over eight-year low of 16.51.
Lire la suite »
Mexican Peso climbs amid mixed US data, hawkish Fed commentsThe Mexican Peso posts gains against the US Dollar on Wednesday as US Treasury yields climbed, sponsored by Atlanta Federal Reserve President Raphael Bostic's hawkish comments.
Lire la suite »
Mexican Peso steadies against US Dollar amid mixed data, Fed commentaryThe Mexican Peso prints minuscule gains against the US Dollar on Thursday after the release of economic data from Mexico and the United States (US).
Lire la suite »
Mexican Peso slides as US inflation surges, Fed expected to cut twice rather than thriceThe Mexican Peso depreciated against the US Dollar following the release of an inflation report in the United States (US) on Wednesday.
Lire la suite »
Mexican Peso tumbles amid geopolitical tensions and hawkish Fed commentsThe Mexican Peso plummets sharply against the US Dollar on Friday amid a risk-off impulse on speculation that Iran might attack Israel over the weekend.
Lire la suite »
Christian Nodal & Peso Pluma’s ‘La Intención’ Rises to No. 1 on Regional Mexican AirplayChristian Nodal and Peso Pluma’s 'La Intención' reaches No. 1 on the Regional Mexican Airplay chart.
Lire la suite »