- Mexican Peso appreciates more than 0.30%, despite losing some ground.
- US producer-side inflation ticked up slightly, though the market eyes upcoming FOMC minutes and CPI.
- Interest rate differentials favor USD/MXN downside, though is at the mercy of the Fed shifting its rhetoric.
Mexican Peso (MXN) appreciated further during the North American session, particularly against the Greenback (USD). Even though the USD has trimmed some of its earlier losses as witnessed by the USD/MXN bouncing off the daily lows of 17.78 to current exchange rates around 17.84, it remains at the mercy of falling US Treasury bond yields.
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