Mobipad USD Price & Performance (MBPUSD)

The Mexican Peso gained strength against the U.S. Dollar, trading at 19.86, marking a more than 1% drop in the USD/MXN pair. The rally comes despite weak economic indicators in Mexico. U.S. consumer sentiment data, which disappointed expectations, contributed to the Greenback's decline, pushing the Peso to a four-month high.1

Ocado's stock fell by 13%, the steepest drop since July, as earnings failed to meet investor expectations. The lack of new orders for its warehouse technology and challenges in achieving profitability have raised concerns. Analysts predict further earnings downgrades, even as its Marks & Spencer retail venture performs well.2

Global markets face uncertainty as U.S. stocks remain under pressure, with the S&P 500 down 3% this week. Concerns over economic slowdown and tariffs weigh on sentiment. The dollar showed mixed performance, while commodity currencies remained stable. Market fragility suggests potential for further downside in the near term.3