Mexican Peso Rebounds as US Core PCE Data Eases Rate Hike Fears
The Mexican Peso (MXN) has strengthened against the US Dollar (USD) following the release of the US Core Personal Consumption Expenditures (PCE) data on Friday. The Fed’s preferred inflation gauge showed a further easing of price pressures, reinforcing market expectations of a Fed rate cut in September and potentially two more before year-end. This weakening […]