Mexican GDP
Year-over-year non-seasonally adjusted GDP rose 2.4% compared to 2.2% expected. Fourth quarter GDP rose 0.7% compared to 0.6% expected.
Nominal GDP rose 8.7% y/y but the weak peso created an inflation drag.
The peso jumped yesterday after the break of 20.00 in USD/MXN. The pair rebounded above that level today.
