USD/MXN defends the 17.00 support despite US consumer inflation expectations soften

Share:

• USD/MXN has shown a recovery move to near 17.10 as the market mood is turning cautious.
• Investors are expecting that interest rates by the Fed will peak sooner than the guidance provided.
• The Mexican Peso is on the seventh sky as interest rates by the Banxico are at 11.25%.

The USD/MXN pair has rebounded to near 17.10 after printing a fresh seven-year low in the European session. The asset is expected to remain less volatile as US markets will be closed on Monday on account of Juneteenth.