Data on economic activity in the US and increased global risk weigh on the financial markets in Mexico
Published on Saturday, September 27, 2014
Data on economic activity in the US and increased global risk weigh on the financial markets in Mexico
Summary
The Mexican peso is at its lowest since February, because of increased geopolitical tensions and better-than-expected US economic data. The revision to the upside of second quarter GDP in the US provided fuel for speculation about the Fed tightening earlier than anticipated, which influenced the depreciation of the peso to over USDMXN13.40 for the first time since last February
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Authors
Arnoldo López
Juan Carlos Rivas
Javier Amador
BBVA Research - Principal Economist
Iván Martínez Urquijo
BBVA Research - Principal Economist
Francisco Javier Morales
Juan José Li Ng
BBVA Research - Senior Economist