Mexican Peso strengthens against the US Dollar as investors speculate the Federal Reserve might halt its monetary tightening. US Treasury bond yields plunged after the US CPI report, leading traders to anticipate Fed rate cuts. Banxico's Governor hints at the possibility of rate cuts in Mexico.
Mexican Peso strengthens against the US Dollar, with USD/MXN falling below 17.37 after a peak of 17.62. The USD/MXN decline is supported by speculation the Federal Reserve might halt its monetary tightening . US Treasury bond yields plunged after the US CPI report; traders eye Fed rate cuts in June 2024. Banxico ’s Governor Victoria Rodriguez Ceja hinted at the possibility of rate cuts in Mexico , noting that any monetary policy easing would be gradual and data-dependent.
Mexican Peso (MXN) skyrockets against the US Dollar (USD) as investors speculate the Federal Reserve (Fed) has finished tightening monetary policy following a softer-than-expected inflation report in the United States (US). Late in the North American session, the USD/MXN pair accelerated toward the 100-day Simple Moving Average (SMA) at 17.33 after hitting a daily high of 17.62, and it is posting losses of more than 1.30% at the time of writin
Mexican Peso US Dollar USD/MXN Federal Reserve Monetary Tightening US CPI Report US Treasury Bond Yields Rate Cuts Banxico Mexico
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