March 25, 2024 – OkSignals

Mexican Peso Benefits from USD Weakness, Shrugs Off Banxico Cut

The Mexican Peso (MXN) gained over 0.1% against the US Dollar (USD) on Monday, capitalizing on broad USD weakness. The risk-off sentiment and Banxico’s recent rate cut did little to deter MXN bulls. Key Factors: Technical Outlook:

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