Mexican Peso advances amid falling US bond yields, dovish Fed, and upbeat IMF growth projections

Share:

• Mexican Peso remains in control at around the weekly lows, with the USD/MXN trading between 17.93/18.00.
• Mexico’s growth estimates upward revised by the International Monetary Fund to 3.2%.
• Dovish stance by Federal Reserve officials weighed on US Treasury yields, dropping from multi-year highs.

Mexican Peso (MXN) gathered traction versus the US Dollar (USD) in the mid-North American session, as risk appetite drives price action amidst falling US bond yields. US Federal Reserve (Fed) officials remained dovish a headwind for the USD/MXN pair, which is exchanging hands at around 18.00.