Mexico's market stays in a holding pattern, with the peso under pressure as the interest rate gap with the US widens and the latest trade surplus came in below forecasts. Exports h
Mexico's market stays in a holding pattern, with the peso under pressure as the interest rate gap with the US widens and the latest trade surplus came in below forecasts. Exports have shown real strength this year, and the economy picked up traction in the second quarter, giving the fundamental picture some support. Meanwhile, Hurricane Polo is causing flooding, power cuts, and evacuations, adding a near-term disruption layer to an already mixed backdrop.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works