The Mexican Peso posts minimal losses against the US Dollar on Monday amid a risk-off impulse ahead of the release of the latest inflation report in the United States.
Mexican Peso slips modestly against the US Dollar, reflecting cautious sentiment before US CPI release. US Dollar finds footing after last week's drop, bolstered by adjustments in Treasury yields. Industrial Production data looms for Mexico with forecasts pointing to a monthly decline alongside annual growth. The Mexican Peso is virtually unchanged against the US Dollar on Monday amid a risk-off impulse ahead of the release of the latest inflation report in the United States.
25%, which sparked a shift in three of the five governors of the Mexican Central Bank, who are eyeing the first rate cut at the March 21 meeting. The CME FedWatch Tool shows traders increased their bets for a 25-basis-point rate cut in June to 72%. Technical analysis: Mexican Peso stays almost flat as USD/MXN hovers around 16.80 The USD/MXN is downwardly biased, though it appears to have bottomed out near 17.80. The Relative Strength Index has edged up, but downside risks remain.
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