Day: June 28, 2024

Mexican Peso Rebounds as Market Digests Banxico’s Dovish Hints

USD_MXN-analysis image

The Mexican Peso (MXN) is clawing back losses incurred after the Bank of Mexico’s (Banxico) recent policy meeting, where it held interest rates steady but hinted at potential future cuts. Despite the initial knee-jerk reaction, the market is now reassessing the central bank’s stance, fueling a partial recovery in the MXN. Market Drivers: Banxico’s Dovish […]

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