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via fxstreet.comMarkets

Mexican Peso dives on solid US data, despite high inflation

FROM THE WIRE · FXSTREET.COM

The Mexican Peso depreciated by about 0.91% against the US Dollar on Thursday amid positive US data, while Banxico’s last meeting minutes indicated inflation edging higher, a trend confirmed by the September print. The USD/MXN trades at 18.14 after reaching a low of 17.95.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMexican Peso depreciation reflects US dollar strength driven by positive economic data.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Mexican Peso depreciated 0.91% against US Dollar on Thursday.
  2. 02USD/MXN trades at 18.14 after reaching low of 17.95.
  3. 03Banxico meeting minutes indicate inflation edging higher, confirmed by September print.

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