The Mexican peso held steady at 17.44 per USD in late July after the Federal Reserve left interest rates unchanged, a decision that weakened the US dollar as roughly one-third of investors had expected a rate hike.Mexico continued to benefit from a wide interest rate differential, with Banxico's po…
The Mexican peso strengthened to around 17.48 per USD in late July from 17.52 earlier in the month as investors viewed Mexico's trade position with the US as relatively favorable.The US announced new tariffs ranging from 10% to 12.5% on imports from roughly 60 economies.For Mexico, imports that do…
The Mexican peso traded little changed at 17.5 per USD in July as broad US dollar weakness was offset by uncertainty surrounding the USMCA review.The dollar came under pressure after weaker-than-expected US nonfarm payrolls data for June reduced expectations of additional Federal Reserve rate hikes…
