MEXICAN PESO POST GAINS AS MARKETS EYE SHEINBAUM’S INAUGURATION... Wulan Viana から-フォローミートレーディングコミュニティ

02 Oct 2024, 13:58 · Views 96

Mexican Peso strengthens to 19.60 against the Greenback, supported by anticipation ahead of Claudia Sheinbaum's October 1 inauguration.
Business Confidence for September, expected on October 2, could mark a fourth consecutive month of improvement.
Despite Peso gains, the US Dollar Index rises by 0.20% as stronger US economic data bolsters the Greenback.

The Mexican Peso begins the week on the front foot, up by a decent 0.30% against the Greenback amid a scarce economic docket in Mexico. The most important event will be on October 1, when President-Elect Claudia Sheinbaum takes the place of outgoing President Andres Manuel Lopez Obrador. The USD/MXN trades at 19.60, below its opening price, after hitting a daily high of 19.73.

Mexico’s schedule will be light on Monday but will gather steam on Tuesday, October 1, when Claudia Sheinbaum's inauguration will be held. On October 2, Business Confidence for September will be revealed, though there are no estimates. It could continue to improve for the fourth straight month after the index bottomed at 52.9. Since then, confidence has been improving for three straight months.

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