Mexican Peso wraps up week with gains against USD despite overall weekly loss

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• Mexican Peso climbed on Friday, but the USD/MXN shows weekly losses of more than 1%..
• Banxico’s decision to maintain interest rates at 11.25% and a shift in language hinting at less hawkish future policy impacts the Peso.
• Federal Reserve Chair Jerome Powell commented that the Fed would not hesitate to adjust monetary policy tighter.

Mexican Peso (MXN) is set to finish Friday’s session with gains versus the US Dollar (USD) of 0.81%, though it would end the week with losses of more than 1%, as the USD/MXN recovered some ground, with buyers reclaiming the 17.50 figure. At the time of writing, the pair trades at 17.64, down in the day 0.81%.