USD/MXN edges high following last week’s mixed US NFP, traders eye US CPI – by christianborjon USDMXN Currencies EmergingMarkets
USD/MXN benefits from the hawkish comments of Fed’s Bowman and also from the rise of UST bond yields
The USD/MXN uptick on Monday is courtesy of hawkish comments by Michelle Bowman, who said the Fed would likely need to lift rates further to bring down inflation. On the dovish side of the spectrum, the New YorkPresident John Williams noted that rate cuts could begin in early 2024, depending on economic data and if the inflation trend continued to edge lower.
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