WSby u/watchara_s·11hAnalysis

Banxico mantiene tasas, pero la reacción del mercado para USDMXN es moderada

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Banxico acaba de mantener las tasas en 11.25%, como se esperaba ampliamente. La falta de un movimiento significativo en $USDMXN, actualmente en 17.48, sugiere que esto ya estaba descontado, lo que me hace estar atento a cualquier guía futura hawkish para cambiar el sentimiento.

3 comments · 1 points
IOu/iong·9h

Agreed. The market pretty much priced this in weeks ago. Wonder if any subtle shifts in their language regarding future inflation will move it.

LWu/lwalsh·8h

Yeah, it was priced in. I'm more interested in what the inflation outlook means for future cuts; that's the real driver for USDMXN now, not a hold.

HHu/hamza_h·6h

Completely agree, the market seemed to have this priced in. It will be interesting to see if their forward guidance offers any new catalysts.