USD/MXN trades lower around 17.4200 post-rebounding from a two-month low.
Mexican Peso gains ground as US economic data eased in the previous week. Fed is expected to conclude its policy tightening after disappointing US NFP. Banxico's policymakers stated the importance of maintaining rates at higher levels. USD/MXN trades lower around 17.4200post-rebounding from a two-month low. The US Dollar dropped after a jobs report in the United States surprisingly missed estimates, portraying a labor market that is further cooling.
US Dollar Index weakened on the lackluster US Treasury yields, a reaction to disappointing US labor data. The yield on a 10-year US Treasury bond stands at 4.58% by the press time. On the Mexican front, the Fiscal Balance took a dip to -132.56B from the previous reading of -39.15B. This week's calendar highlights the Headline Inflation data for October and the monetary policy decision from the Bank of Mexico .
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