Canada Building Permits (MoM) below expectations (-0.5%) in March: Actual (-4.1%)

May 14, 2025

Mexican Peso hits fresh YTD high as Banxico rate cut, Fed signals, and US trade tensions loom

The Mexican Peso (MXN) posts a second consecutive day of gains on Wednesday against the US Dollar (USD), slipping below 19.40 ahead of key commentary from Federal Reserve (Fed) officials that could influence the monetary policy outlook.

USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank

The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.

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Canada Building Permits (MoM) below expectations (-0.5%) in March: Actual (-4.1%)

Mexican Peso hits fresh YTD high as Banxico rate cut, Fed signals, and US trade tensions loom

USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank