- Bank of Mexico (Banxico) forecasts average annual headline inflation in Q4 2024 at 4.0% from prior estimate of 3.5%
- Bank of Mexico forecasts average annual core inflation in Q4 2024 at 3.8% from prior estimate of 3.5%
- Bank of Mexico forecasts average annual headline inflation in Q4 2025 at 3.0% from prior estimate of 3.1%
- Bank of Mexico forecasts average annual core inflation in Q4 2025 at 3.0% from prior estimate of 3.1%
- Bank of Mexico forecasts annual GDP growth in 2024 at 2.4% from prior estimate of 2.8%
- Bank of Mexico forecasts annual GDP growth in 2025 at 1.5% from prior estimate of 1.5%
- Headline inflation seen converging to 3% target in Q4 2025
Looking at the USDMXN, the price today moved back above the 100-day MA at 16.8939. That is the first break above since May 10. Closing above today would be the first since May 3.
This article was written by Greg Michalowski at www.forexlive.com.
