5 Dec 2014
USD/MXN in 2-year highs
FXStreet (Edinburgh) - The US dollar extends its unabated pace vs. its neighbor south of the border, lifting USD/MXN to the boundaries of 14.3500.
USD/MXN boosted by NFP, Banxico
Solid results from the US Payrolls, coming in at 321K during November and surpassing even the most optimistic expectations, gave extra wings to the greenback and lifted the pair to fresh highs in levels last seen in June 2012. Furthermore, Banxico – Mexico’s central bank – left intact the refi rate at 3.0%, matching the broader consensus and adding selling pressure to the Mexican peso, although it’s signaled the inflation risks derived from the weak peso. Further data from the Aztec economy saw the Consumer Confidence improving to 94.9 for the month of November from 91.1.
The pair is now advancing 1.34% at 14.3482.
USD/MXN boosted by NFP, Banxico
Solid results from the US Payrolls, coming in at 321K during November and surpassing even the most optimistic expectations, gave extra wings to the greenback and lifted the pair to fresh highs in levels last seen in June 2012. Furthermore, Banxico – Mexico’s central bank – left intact the refi rate at 3.0%, matching the broader consensus and adding selling pressure to the Mexican peso, although it’s signaled the inflation risks derived from the weak peso. Further data from the Aztec economy saw the Consumer Confidence improving to 94.9 for the month of November from 91.1.
The pair is now advancing 1.34% at 14.3482.