Mexican Peso plunges to three-day low ahead of Trump’s inauguration
Mexican Peso weakens amid US economic data releases and upcoming political events.
Mexico's Gross Fixed Investment shows a slight October improvement, still below past highs.
Fed Governor Waller suggests more aggressive rate cuts may depend on future economic data.
The Mexican Peso (MXN) tumbled to a three-day low against the US Dollar (USD) as traders digested economic data released in the United States (US) and as financial markets prepared for US President-elect Donald Trump’s inauguration next week. The USD/MXN trades at 20.80, gaining over 1.30%.
Mexico’s economic docket in the week revealed that Gross Fixed Investment improved in October, coming at 0.1% MoM, up from a contraction of 0.7% in November’s data. Yet the figures reported by the Instituto Nacional de Estadistica Geog...