The Mexican Peso (MXN) posted modest gains against the US Dollar (USD) on Friday after the release of inflation data in the United States (US).
USD/MXN falls to 16.57, as the latest US inflation report met forecasts, offering no new impetus for market shifts. Fed officials, including Governor Waller, signal a cautious approach to rate cuts, underlining vigilance over inflation trends. Investors await further guidance from upcoming Fed speeches.. The Mexican Peso posted modest gains against the US Dollar on Friday after the release of inflation data in the United States .
Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States.
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