Mexican Peso Weakens As Economy Contracts In Q1, AMLO Dismisses Concerns

May 02,2019 22:47   Source:Earnforex
The Mexican peso weakened against a basket of currencies towards the end of the trading week after the economy contracted in the first quarter. Despite the deceleration across the country, the peso is still one of the best performing currencies so far this year. Could it hold up after a plethora of forecasts suggest the Mexican economy is in store for a rough period? In the first quarter, the gross domestic product (GDP) fell 0.2% as services activity slipped, […]

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