Eurozone Producer Price Index (MoM) above expectations (-0.7%) in March: Actual (-0.4%)

May 6, 2024

Mexican Peso trades higher on positive market mood, robust Mexican data

The Mexican Peso (MXN) trades marginally higher on Monday, supported by a rise in risk appetite after lower-than-expected US jobs’ data raised hopes the Federal Reserve (Fed) will move to cut interest rates, reducing borrowing costs for businesses and consumers.

Eurozone Producer Price Index (MoM) above expectations (-0.7%) in March: Actual (-0.4%)

Mexican Peso trades higher on positive market mood, robust Mexican data

Eurozone Producer Price Index (YoY) increased to -7.8% in March from previous -8.3%