Mexican Peso sees intraday gains amid mixed US economic data

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• Mexican Peso appreciates against US Dollar amid weak US Retail Sales affected by high interest rates.
• Bank of Mexico reports a modest 2.2% growth in Foreign Direct Investment for the year.
• US economic outlook positive, says White House Adviser, ahead of Fed Governor Waller’s speech.

Mexican Peso (MXN) climbed against the US Dollar (USD) on Thursday following a softer retail sales report from the United States (US), an indication that higher interest rates impact consumer spending. Regarding the labor market, it remains solid after the US Bureau of Labor Statistics (BLS) announced that unemployment claims were below estimates. The USD/MXN trades at 17.04, down by 0.18%.