USD/MXN: Trump fears meet Banxico decision

Mark O'Donnell
- Research Analyst -
November 13, 2024
CFD, Forex, Trading Opportunities

Banxico is expected to cut rates by 25 basis points despite a recent inflation rise.
USD/MXN is volatile as potential Trump policy risks weigh on the peso.

The USD/MXN should be an interesting pair to watch in the coming days.

October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless.

The U.S. already holds around 200,000 Bitcoin, largely confiscated from criminals. Trump has pledged that under his administration, seized Bitcoin wouldn’t be sold.

The price of bitcoin is trading at a new fresh record high above the $86,000 level. A golden cross pattern has formed with the 50-day and 200-day daily moving average crossing each other.

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