The Mexican Peso (MXN) found extra room on the high side on Wednesday, bolstered by a lopsided US Dollar (USD) after US Consumer Price Index (CPI) inflation figures cooled to the expected levels.
The Mexican Peso chalked in a second day of gains against the Greenback on Wednesday. Mexico’s recent rate cut despite an uptick in inflation has left Peso markets in a bind. US CPI figures cooled to expected levels, but investors were hoping for more post-PPI. The Mexican Peso found extra room on the high side on Wednesday, bolstered by a lopsided US Dollar after US Consumer Price Index inflation figures cooled to the expected levels.
USD/MXN daily chart Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers. Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States.
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