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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Slowdown in Mexico’s Inflation but not Forex

January, 25 2018
watermark Economic news

The governor of Mexico’s central bank, Alejandro Diaz de Leon, anticipates the inflation rate to resume its slow down this year moving towards the three percent target rate of the bank.

Data shows that inflation rate declined for the first half by 5.54 percent in January compared to the 6.77 percent in December.

When asked about the comments of U.S. Treasury Secretary Steven Mnuchin regarding his remarks on the weakened dollar that could be a problem for the currency, Diaz said that it could lead to a short-term volatility.

Although there are no premeditated detrimental effects and “confrontational environment” on the foreign exchange market, based on the latest situation, he said.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.