USD/MXN: MEXICAN PESO TO FIND SUPPORT ON BANXICO’S MODERATE APPROACH TO EASING – COMMERZBANK
Mexico’s inflation figures are on the agenda today. Economists at Commerzbank analyze how the December CPI report could impact the Mexican Peso (MXN).
Mexican inflation figures a non-event?
While today's inflation figures are likely to show an increase, they are unlikely to be a major change in trend. Nevertheless, this should still be relevant for the Peso.
Even if the seasonally adjusted inflation trend is not likely to worsen as much as the figures at first glance suggest, they also make it clear that the decline in inflation is extremely slow. Conversely, this means that Banxico is likely to take a more moderate approach to easing monetary policy in the near future. This should support the Peso for the foreseeable future.
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