The Bank of Mexico (Banco de Mexico) is in charge of making interest rate decisions in Mexico. In place of the level of commercial banks' current account balances at the central bank, the overnight interbank rate (Tasa de Fondo Bancario) has been adopted as an operating aim by the Banco de Mexico since January 2008.

A higher than expected figure should be seen as positive (bullish) for the MXN while a lower than expected figure should be seen as negative (bearish) for the MXN.

Source:  Banco de México
Category:  Interest Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: MXN
Latest Release
Previous: 8.5%
Consensus: 8%
Actual: 8%
Next Release
Date: Aug 07, 19:00
Time left: 28 days

Forex Sentiment (MXN)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
USDMXN
18.1566
-4677 pips
19.3056
-6813 pips
18.6243
Symbol Action Percentage Volume Positions
USDMXN Short 24% 1.27 lots 38
Long 76% 3.92 lots 58
0% of traders are currently trading USDMXN.
EURMXN
19.3252
-25005 pips
21.9265
-1008 pips
21.8257
Symbol Action Percentage Volume Positions
EURMXN Short 97% 4.16 lots 131
Long 3% 0.15 lots 6
0% of traders are currently trading EURMXN.
GBPMXN
25.2092
-1082 pips
25.4912
-1738 pips
25.3174
Symbol Action Percentage Volume Positions
GBPMXN Short 56% 0.05 lots 1
Long 44% 0.04 lots 2
0% of traders are currently trading GBPMXN.