Mexican Peso Falters Despite Hawkish Banxico

The Mexican Peso (MXN) lost ground against the US Dollar (USD) on Friday, erasing earlier gains. This reversal comes despite the Bank of Mexico’s (Banxico) decision to maintain its benchmark interest rate at 11.00%. Banxico Holds Rates Steady: US Consumer Sentiment Dampens Greenback: USD/MXN: Technical Analysis Resistance Levels: The Mexican Peso’s recent weakness against the […]