The past week was highly driven by the US elections. The Peso experienced a shock as Trump was dominating in the presidential run. USDMXN was observed to be hitting new high values in the vicinity of 21.39. The weakness in Peso was related to undesired news of Trump that he needs to build a wall between Mexico and USA to be able to manage undocumented immigrants on the soil of US. Despite the statements of Trump, the Mexico President is still optimistic about the relationship of Mexico and USA relating to NFTA.Full story
The September industrial production YoY fell to -1.3%, from August industrial production of 0.3%
The September industrial production MoM came out at 0.1%, from -0.4 of August.Full story
Consumer price index
The CPI for October 2016 went up by 3.06% vs. 3.1% forecast. This was an improvement from the previous month’s 2.97%. October 2016 marked the highest inflation rate since April 2015. This was driven by increased cost of food, transport and housing.
The core CPI went up 3.1% from last year and 0.28% for the month.Full story
The consumer confidence for October came out as 85, from 84.2 seen in September. This was higher than the forecast of 83.3, This was the first increase in consumer confidence since the past 3 months.Full story
The pair has carried on to be bullish. This upward trend was catalyzed by the results of US elections that were won by Donald Trump. USDMXN pair made new highs.