2024-12-16 18:47
IndustryMexican Peso pares loses as the US Dollar rally fa
The Mexican Perso regains lost ground and approaches 20.00 as the US Dollar's recovery loses steam.
Soft Mecican CPI data has increased hopes of a 25 bps rate cut next week and is weighing on the MXN.
Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction.
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Mexican Peso pares loses as the US Dollar rally fa
Nigeria | 2024-12-16 18:47The Mexican Perso regains lost ground and approaches 20.00 as the US Dollar's recovery loses steam.
Soft Mecican CPI data has increased hopes of a 25 bps rate cut next week and is weighing on the MXN.
Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction.
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