July 4, 2024 – OkSignals

Mexican Peso Rebounds as Weak US Data Fuels Rate Cut Speculation, French Election Risks Ease

The Mexican Peso (MXN) strengthened on Thursday, recovering some of its recent losses against the US Dollar (USD) as weak US economic data and easing concerns over the French elections bolstered the currency. A hawkish comment from Banxico Deputy Governor Jonathan Heath further supported the MXN’s rebound. Market Drivers: Cooling US Economy and Shifting Fed […]

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