Mexico Posts $4.52 Billion April Trade Surplus

Mexico posted a $4.52 billion trade surplus in April, according to Inegi, as exports jumped 32.6% year-over-year to $72.04 billion while imports rose 24.1% to $67.52 billion. The larger-than-expected surplus and strong export growth could support the Mexican peso versus the dollar, putting downward pressure on the USDMXN rate. The data may also influence local bond and equity markets tied to trade-sensitive sectors and cross-border supply chains, and could temper market worries about external deficits. The report is a neutral-to-mildly bullish development for the peso, though market reaction will depend on broader dollar moves and upcoming macro data or policy signals.