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- USD/MXN retreats after the recent surge as Banxico kept rates at 11.25%.
- Mexico’s central bank has committed to achieving its 3% target in 2025.
- US Dollar receives upward support after Fed Chair Powell’s hawkish comments.
USD/MXN retreats from a weekly high, bidding near 17.7600 during the Asian trading hours on Friday. The pair received upward support after US Federal Reserve (Fed) Chair Jerome Powell mentioned at the International Monetary Fund (IMF) event on Thursday that current policies may not be enough to control inflation.
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