Mexican Peso treads water despite shrugging off geopolitical tensions

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• Mexican Peso threatens to print a daily close below the 18.00 mark.
• Mexico’s economy shows resilience as Gross Domestic Product expands for the eighth quarter.
• USD/MXN continues to exchange hands above the crucial 18.00 level, with geopolitical risks and month-end flows impacting the pair.

Mexican Peso (MXN) maintains its gains against the US Dollar (USD) in the late North American session, even as the USD/MXN exchange rate rises above 18.00 due to month-end flows. This movement comes despite positive economic data from Mexico and ongoing geopolitical risks. Despite the situation in Israel, improved risk appetite drives price action, and the USD/MXN is currently trading around the 18.00 level. This level is significant as market participants prepare for the upcoming US Federal Reserve (Fed) monetary policy meeting.