The Mexican Peso (MXN) extends losses in its key pairs on Thursday.
The Mexican Peso is depreciating in its key pairs ahead of the release of key data on Thursday. Mexican inflation and GDP data could provide volatility, whilst flash PMIs in Europe and the US could influence counterparts. USD/MXN shrugged off negative economic news from the US and continued rising on Wednesday. The Mexican Peso extends losses in its key pairs on Thursday. The decline broadens the trend of the last few days, which has seen MXN lose 1.50% to 1.
Mexican 1st Half-Month Inflation for August and Q2 Gross Domestic Product data will be published by INEGI at 12.00 GMT. Followed by the Minutes from the Banco de Mexico’s August policy meeting. In the Eurozone and UK, meanwhile, preliminary Purchasing Manager Indexes for August will be released at 8.00 and 8.30 GMT, respectively. Similar data for the US will be published at 13:45 GMT.
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