empty
 
 

29.07.202621:58:36UTC+00Mexican Peso Steady After Fed Decision

The Mexican peso was little changed at 17.44 per USD in late July after the Federal Reserve left interest rates on hold, a decision that weighed on the US dollar, especially as roughly one-third of investors had expected a hike. Mexico continued to benefit from a wide interest rate differential, with Banxico’s policy rate at 6.50% compared with the Fed’s 3.50%-3.75% range, though any further tightening by the Fed could erode the peso’s yield advantage. Sentiment toward Mexico’s external position also improved after the US announced new tariffs on imports from around 60 economies. Goods that meet USMCA rules of origin will remain exempt, preserving Mexico’s preferential access to the US market. At the same time, Mexico’s trade surplus widened sharply to $4.09 billion in June from $0.51 billion a year earlier, far exceeding market expectations of $2.28 billion.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback