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Mexico Interest Rate Decision
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.
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 | |
| EURMXN |
|
|
19.3252 -25005 pips |
21.9265 -1008 pips |
21.8257 | |
| GBPMXN |
|
|
25.2092 -1082 pips |
25.4912 -1738 pips |
25.3174 |
News (MXN)
Mexico GDP Growth Slows To 3.5% Amid Tertiary Sector Slowdown
Mexican economic growth moderated in the fourth quarter after accelerating in the previous two quarters, largely led by a deceleration in the growth of the tertiary sector, preliminary data from the National Institute of Statistics and Geography, or INEGI, showed on Tuesday. Gross domestic product advanced an unadjusted 3.5 percent year-over-year in the December quarter.
RTTNews | 890 days ago
