Mexican Peso firms as softer US data boosts risk appetite
The post Mexican Peso firms as softer US data boosts risk appetite appeared on BitcoinEthereumNews.com. Mexican Peso appreciates as USD/MXN slips to 19.56 on hopes for US tariff relief. Wall Street gains spark demand for riskier assets like the Mexican Peso. Trump hints at easing auto tariffs; potential trade deals with India or South Korea eyed. Traders await Mexico’s Q1 GDP and US Core PCE data for fresh direction. The Mexican Peso (MXN) appreciated against the US Dollar (USD) after touching a daily low of 19.65, as risk appetite improved following the release of softer-than-expected data. At the time of writing, USD/MXN trades at 19.56, down 0.12%. Wall Street closed with gains, depicting an upbeat market mood and appetite for risk-sensitive currencies like the Peso. The Wall Street Journal revealed that US President Donald Trump might soften the impact of automotive tariffs. Traders cheered this and US Commerce Secretary Howard Lutnick’s comments about a trade deal pending approval, which, according to the WSJ, could be with India or South Korea. In the US, the agenda featured the US Job Labor and Turnover Survey (JOLTS) report for March, which was dismal and missed estimates. At the same time, US Consumer Confidence deteriorated in April, with households growing pessimistic about future expectations on the economy. In Mexico, the economic docket was absent on Tuesday as traders await the release of Gross Domestic Product (GDP) figures for the first quarter of 2025. On the US as well, USD/MXN traders are eyeing the release of GDP figures for the first quarter and the Federal Reserve’s (Fed) preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. Daily digest market movers: Mexican Peso edges up awaiting GDP data Mexico’s economic data revealed on Monday showed that the Balance of Trade printed a surplus and that labor market conditions remain solid as the Unemployment Rate ticked lower in March compared…
The post Mexican Peso firms as softer US data boosts risk appetite appeared on BitcoinEthereumNews.com.
Mexican Peso appreciates as USD/MXN slips to 19.56 on hopes for US tariff relief. Wall Street gains spark demand for riskier assets like the Mexican Peso. Trump hints at easing auto tariffs; potential trade deals with India or South Korea eyed. Traders await Mexico’s Q1 GDP and US Core PCE data for fresh direction. The Mexican Peso (MXN) appreciated against the US Dollar (USD) after touching a daily low of 19.65, as risk appetite improved following the release of softer-than-expected data. At the time of writing, USD/MXN trades at 19.56, down 0.12%. Wall Street closed with gains, depicting an upbeat market mood and appetite for risk-sensitive currencies like the Peso. The Wall Street Journal revealed that US President Donald Trump might soften the impact of automotive tariffs. Traders cheered this and US Commerce Secretary Howard Lutnick’s comments about a trade deal pending approval, which, according to the WSJ, could be with India or South Korea. In the US, the agenda featured the US Job Labor and Turnover Survey (JOLTS) report for March, which was dismal and missed estimates. At the same time, US Consumer Confidence deteriorated in April, with households growing pessimistic about future expectations on the economy. In Mexico, the economic docket was absent on Tuesday as traders await the release of Gross Domestic Product (GDP) figures for the first quarter of 2025. On the US as well, USD/MXN traders are eyeing the release of GDP figures for the first quarter and the Federal Reserve’s (Fed) preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. Daily digest market movers: Mexican Peso edges up awaiting GDP data Mexico’s economic data revealed on Monday showed that the Balance of Trade printed a surplus and that labor market conditions remain solid as the Unemployment Rate ticked lower in March compared…
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