Mexican Peso Weakened by Economic Slowdown Signals and Rate Cut Expectations
The Mexican Peso (MXN) has declined against major currencies on Wednesday due to a series of underwhelming macroeconomic data releases, indicating a slowdown in the Mexican economy. This has fueled expectations of a potential interest rate cut by the Bank of Mexico (Banxico) in August, further weighing on the Peso. Key Economic Indicators: These economic […]