- Mexico’s economic docket remains absent, though February’s Retail Sales report for February is scheduled for April 19.
- On Tuesday, the International Monetary Fund (IMF) updated its expectations for economic growth in Mexico, from 2.7% to 2.4% in 2024 and from 1.5% to 1.4% in 2025. The IMF reduced its 2025 forecast, arguing that the fiscal expansion that will drive progress this year will be reversed in the next year because the new administration will have to tighten its belt, reversing existing spending policy.
- US economic data revealed during the week suggests the economy remains solid. A better-than-expected Retail Sales report for February, along with firm Industrial Production, overshadowed weaker-than-expected housing figures on Wednesday.
- Powell added, “Given the strength of the labor market and progress on inflation so far, it is appropriate to allow restrictive policy further time to work and let the data and the evolving outlook guide us.”
- Geopolitical tensions in the Middle East would likely weigh on the Mexican currency. USD/MXN traders must be aware that any escalation could prompt traders to ditch the Mexican Peso and buy US Dollars.
- US Treasury yields are sliding close to eight basis points (bps) in the belly and long end of the yield curve. That underpins the Greenback, which is up a modest 0.09% at 106.17 on the DXY.
- Data from the Chicago Board of Trade (CBOT) suggests that traders expect the Fed funds rate to finish 2024 at 4.95%, down from 4.97% a day ago.
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
