Mexican Peso weakens ahead of Mexican Retail Sales data.
The post Mexican Peso weakens ahead of Mexican Retail Sales data. appeared on BitcoinEthereumNews.com. The Mexican Peso loses momentum ahead of key fundamental catalysts on Wednesday. Mexico awaits March Retail Sales while the United States prepares for a key vote on President Trump’s proposed tax bill. The USD/MXN eyes psychological resistance at 19.30 after falling to fresh year-to-date lows on Tuesday. The Mexican Peso (MXN) and the US Dollar (USD) are gearing up for a crucial day of economic and fundamental headwinds, which could offer further insight into the current and projected growth outlooks for both economies. As the Mexican Peso continues to trade below a key psychological support-turned-resistance level at 19.30 against the US Dollar, the upcoming release of Mexico’s March Retail Sales data at 12:00 GMT is expected to guide price action for the emerging market (EM) currency, potentially triggering volatility if the data deviates from expectations. Meanwhile, the projected trajectory of the Greenback remains in focus as investors await further commentary from US Federal Reserve (Fed) officials and the highly anticipated House of Representatives vote on President Donald Trump’s “One Big Beautiful Bill Act.” Market participants are closely assessing the short- and long-term implications of the proposed tax legislation, which could significantly influence the fiscal policy outlook and investor sentiment toward the US Dollar. Mexican Peso daily digest: USD/MXN hinges on Mexico’s Retail Sales and Trump’s proposed tax bill Mexican Retail Sales are expected to increase by 0.1% in March compared to the 0.2% rise in February, with the YoY figures projected to rise 2.2% from -1.1%. As the US Dollar drives broader market direction, shifts in USD sentiment, driven by US fiscal policy, economic data, or Fed signals, tend to dictate the short-term trajectory of USD/MXN, with the Peso reacting accordingly. President Trump’s “One Big Beautiful Bill” aims to extend the 2017 Tax Cuts and Jobs Act and introduce new…
The post Mexican Peso weakens ahead of Mexican Retail Sales data. appeared on BitcoinEthereumNews.com.
The Mexican Peso loses momentum ahead of key fundamental catalysts on Wednesday. Mexico awaits March Retail Sales while the United States prepares for a key vote on President Trump’s proposed tax bill. The USD/MXN eyes psychological resistance at 19.30 after falling to fresh year-to-date lows on Tuesday. The Mexican Peso (MXN) and the US Dollar (USD) are gearing up for a crucial day of economic and fundamental headwinds, which could offer further insight into the current and projected growth outlooks for both economies. As the Mexican Peso continues to trade below a key psychological support-turned-resistance level at 19.30 against the US Dollar, the upcoming release of Mexico’s March Retail Sales data at 12:00 GMT is expected to guide price action for the emerging market (EM) currency, potentially triggering volatility if the data deviates from expectations. Meanwhile, the projected trajectory of the Greenback remains in focus as investors await further commentary from US Federal Reserve (Fed) officials and the highly anticipated House of Representatives vote on President Donald Trump’s “One Big Beautiful Bill Act.” Market participants are closely assessing the short- and long-term implications of the proposed tax legislation, which could significantly influence the fiscal policy outlook and investor sentiment toward the US Dollar. Mexican Peso daily digest: USD/MXN hinges on Mexico’s Retail Sales and Trump’s proposed tax bill Mexican Retail Sales are expected to increase by 0.1% in March compared to the 0.2% rise in February, with the YoY figures projected to rise 2.2% from -1.1%. As the US Dollar drives broader market direction, shifts in USD sentiment, driven by US fiscal policy, economic data, or Fed signals, tend to dictate the short-term trajectory of USD/MXN, with the Peso reacting accordingly. President Trump’s “One Big Beautiful Bill” aims to extend the 2017 Tax Cuts and Jobs Act and introduce new…
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