Free Trial

Preliminary First Quarter GDP Scheduled

MEXICO
  • Mexico’s GDP likely expanded 3.3% y/y in 1Q, down from 3.6% growth the previous quarter, according to economists surveyed by Bloomberg. Data released at 1300BST/0800ET:
    • Q1 GDP SA Q/q, est. 0.8%, prior 0.5%
    • Q1 GDP NSA Y/y, est. 3.3%, prior 3.6%
  • The sharp rally across global equity indices on Thursday underpinned a recovery for the peso, with USDMXN grinding lower from its 18.20 peak to trade in close proximity to the 18 handle once more. The currency pair has been well supported below this mark with the clear focus remaining on key support at 17.8981, the Mar 9 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.