Mexican Peso Surges on Weakening US Dollar, Boosted by Hawkish Banxico Remarks

mxn_article image

The Mexican Peso (MXN) continued its impressive winning streak against the US Dollar (USD) on Friday, reaching new highs as the Greenback faltered under the weight of recent weak economic data. The MXN’s gains were further fueled by hawkish comments from Banxico Deputy Governor Jonathan Heath, who echoed the Fed’s cautious approach to rate cuts. […]