INSUBCONTINENT EXCLUSIVE:
The Mexican peso started the week on a downward trend against the US dollar
victory in the November elections
20.0746 pesos and a low of 19.8685 pesos
The Dollar Index (DXY), which measures the greenback against six reference currencies, rose by 0.28% to 103.78 units.Analysts at Monex Grupo
Financiero explained the situation in a report
as Mexican Peso Weakens to 20 per Dollar
(Photo Internet reproduction)However, this slowdown could potentially affect the benefits of nearshoring in the country
Investors focused on speeches by Federal Reserve officials like Neel Kashkari and Jeffrey Schmid.They hoped to gain insights into the
In Mexico, attention turned to the release of economic data throughout the week.This included figures from the Global Indicator of Economic
Activity (IGAE) and retail sales for August, as well as inflation data for the first half of October.In short, the economic indicators
scheduled for release on Tuesday, Wednesday, and Thursday were expected to provide valuable insights.These insights would shed light on
The data could potentially influence future currency movements and investor sentiment.
