Mexican Peso Slips on Slower GDP Growth

mxn_article image

The Mexican Peso (MXN) depreciated slightly following the release of preliminary GDP data for Q1 2024. GDP Growth Slows, But Stays Positive Lower Rates Expected, Peso Weakens Technical Analysis: USD/MXN Rangebound with Downward Bias Breakout Watch Confirmation of a breakout requires:

Euro Loses Steam as Strong US Data Boosts Dollar

eur_usd_article image

The Euro (EUR) gave up earlier gains against the US Dollar (USD) on Tuesday, falling back to the key support level of 1.0700. This reversal comes despite positive Eurozone data, as strong US wage growth raised concerns about persistent inflation. US Employment Cost Index Fuels Dollar The US Bureau of Labor Statistics reported a higher-than-expected […]