Banxico slashes 2026 GDP forecast, sees inflation rising

Banxico slashes 2026 GDP forecast, sees inflation rising

The Bank of Mexico (Banxico) released its Q1 2026 report on Wednesday, revising down 2026 GDP growth from 1.6% to 1.1%. The Mexican institution blamed a “considerably weaker” first-quarter performance, warning that investment could remain weak at least until the second half of 2026. Banxico revised up GDP growth for 2027 from 2% to 2.1% […]

Sellers eye 0.7100 support as momentum indicators weaken

Sellers eye 0.7100 support as momentum indicators weaken

AUD/USD attracts sellers on Wednesday as softer-than-expected Australian inflation data weighs on the Australian Dollar (AUD), while persistent uncertainty surrounding a potential US-Iran peace deal keeps the US Dollar (USD) supported. At the time of writing, the pair is trading around 0.7136, down nearly 0.44% on the day. Data released earlier on the day showed […]