墨西哥比索兑美元从5月23日触及的8个月高点19.2跌至19.4,受到美元的一些牵引力和墨西哥银行温和前景的压力。美元从早些时候对与欧盟的贸易战的担忧以及新税法中不可持续的财政支出引发的一些损失中复苏,对新兴市场货币进行再平衡。与此同时,在最新的基本通胀指标符合预期后,人们普遍预计墨西哥银行今年将延长其降息周期。Banxico在当前周期中已连续三次降息50个基点,将基准政策利率降至8.5%。
The Mexican peso depreciated to 19.4 per USD from the eight-month high of 19.2 touched on May 23rd, pressured by some traction in the dollar and the dovish outlook for the Bank of Mexico. The US dollar recovered from some losses that were triggered by earlier concerns of a trade war with the European Union and unsustainable fiscal spending in a new tax bill, rebalancing against emerging market currencies. In the meantime, expectations that the Bank of Mexico will extend its cutting cycle this year prevailed after the latest underlying inflation gauges were in line with expectations. Banxico has delivered three consecutive 50bps cuts in the ongoing cycle, lowering its benchmark policy rate to 8.5%.