Having narrowly escaped the recession with a 0.1% Gross Domestic Product (GDP) growth for second quarter of 2019, Mexican Finance Ministry has lowered its growth forecast for the year 2019 to 1.1% as per Reuters. The news report further quotes the ministry as it said that it had cut the forecast from a prediction of 2% made when the government presented the budget in December. It shoudl also be noted that the country’s President Andrés Manuel López Obrador has also been of view to witness 2.0% GDP growth while recently appearing in media. FX Implications USD/MXN kept bearing the burden of not-so-dovish Fed rate cut while showing less reaction to the news. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD drops to lowest since January 2017 ahead of BOE FX Street 4 years Having narrowly escaped the recession with a 0.1% Gross Domestic Product (GDP) growth for second quarter of 2019, Mexican Finance Ministry has lowered its growth forecast for the year 2019 to 1.1% as per Reuters. The news report further quotes the ministry as it said that it had cut the forecast from a prediction of 2% made when the government presented the budget in December. It shoudl also be noted that the country's President Andrés Manuel López Obrador has also been of view to witness 2.0% GDP growth while recently appearing in media. FX Implications USD/MXN kept bearing the burden… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
