March 19, 2024 – OkSignals

Mexican Peso Retreats as US Dollar Gains Ahead of Fed Decision

The Mexican Peso (MXN) weakened against the US Dollar (USD) in early North American trading as the USD gained strength. Speculation about a potential easing of policy by the Bank of Mexico (Banxico) on Thursday added to the MXN’s downside pressure. USD/MXN trades at 16.82. Key Factors: Technical Outlook:

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