Data on economic activity in the US and increased global risk weigh on the financial markets in Mexico

Summary

The Mexican peso is at its lowest since February, because of increased geopolitical tensions and better-than-expected US economic data. The revision to the upside of second quarter GDP in the US provided fuel for speculation about the Fed tightening earlier than anticipated, which influenced the depreciation of the peso to over USDMXN13.40 for the first time since last February

Geographies

Topics

Tags