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via fxstreet.comEconomy

Mexican Peso strikes back as hot US PPI fails to lift Dollar

FROM THE WIRE · FXSTREET.COM

The Mexican Peso recovers on Thursday as investors digest the latest US inflation data, which suggests that further tightening is needed but weighs on the US Dollar. The USD/MXN trades at 18.41, down 0.44%.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralUS inflation data affects the dollar and emerging currencies, moving the USD/MXN exchange rate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Mexican Peso recovers on Thursday as investors digest the latest US inflation data.
  2. 02The data suggests further tightening may be needed but weighs on the US Dollar.
  3. 03USD/MXN trades at 18.41, down 0.44%.

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