USD/MXN continues the downward trajectory for the third successive session since Mexico's employment data revealed a robust labor market, showcasing t
USD/MXN receives upward support as Crude prices could surge due to Middle-East conflict. The escalation of the Israel-Hamas war could provide minor support for the Mexican Peso. Fed’s policy decision is awaited on Wednesday; market expectations lean towards policy rates to remain at 5.5%. he enduring strength of the Mexican economy. The pair trades lower around 18.0900 during the Asian session on Monday. On Thursday, Mexico’s Jobless Rate showed a decline to 2.
The US Dollar Index seems to be keeping a low profile, remaining relatively silent as a decline in US Treasury yields puts pressure on the Greenback. However, the 10-year US Bond yield is showing signs of a rebound at 4.87% as of the latest update. US Core Personal Consumption Expenditures Price Index data revealed on Friday, that the yearly index declined to 3.7% in September from 3.8% previous reading. The monthly figures improved to 0.3% from 0.1% previously.
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