Mexican Retail Sales MoM (May) M/M -0.6% (Prev. 0.8%)

Mexican Retail Sales MoM (May) M/M -0.6% (Prev. 0.8%)

The decline in Mexican retail sales by 0.6% in May, following a previous increase of 0.8%, suggests a potential cooling in consumer spending. This could have implications for economic growth forecasts and may influence expectations for monetary policy moving forward. Traders should watch for how this data fits into the broader narrative of economic performance in Mexico and any potential knock-on effects in the peso.