USD/MXN aims to retrace the recent gains on positive risk sentiment, trading lower around 17.5200 during the European session on Tuesday.
USD/MXN snaps the recent gains as market risk sentiment is improved. The slowdown in the US labor market could influence the Fed to conclude its policy tightening. Banxico is expected to remain consistent at 11.25%;the decision is scheduled for release on Thursday. United States employment data indicates the slowing down of the labor market as recent data on Non-Farm Payrolls came in significantly lower than expected.
62% by the press time. On Monday, Mexico's Consumer Confidence, as reported by the National Statistics Agency , declined from 46.8 to 46.0 in October. The Bank of Mexico is set to release the Headline Inflation, with expectations for a decline to 0.39% in October from the previous 0.44%. Additionally, Banxico's Interest rate decision, anticipated to remain consistent at 11.25%, is scheduled for release on Thursday. USD/MXN: additional important levels Overview Today last price 17.
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