USDMXN: Mexico GDP Contracts, Peso Whipsaws Ahead of Fed - News

Wednesday 1 May 2019

USDMXN: Mexico GDP Contracts, Peso Whipsaws Ahead of Fed

A disappointing 1Q 2019 GDP report out of Mexico pushed USDMXN higher immediately following its release, but broad-based US Dollar weakness ahead of the Fed meeting tomorrow is likely weighing negatively on the greenback.


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