Mexican Peso concludes week and day on high note against US Dollar

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• Mexican Peso appreciates for the seventh consecutive day, buoyed by soft US Dollar following mixed US jobs report.
• Banxico’s upcoming rate decision eyed closely after subdued Mexican inflation figures.
• US Nonfarm Payrolls exceed expectations, but revisions and higher Unemployment Rate fuel speculation of June Fed rate cut.

The Mexican Peso appreciated for the seventh straight day on Friday against the US Dollar following a mixed jobs report from the United States that increased speculation that the US Federal Reserve (Fed) would cut interest rates in June. The data pushed the Greenback to seven-week lows, a tailwind for the emerging market currency that is set to finish the week with gains of more than 0.20%. The USD/MXN trades at 16.81, down 0.31%, and is set to wrap the week with more than 1.21% losses.