The Mexican peso fell to 18.6284 per dollar on July 9 after peaking near a one-year high on inflation data. Banxico’s rate-cut pause and U.S. Fed minutes weighed on market sentiment in Mexican peso decline.
On Wednesday, the Mexican peso closed at 18.6284 per U.S. dollar, marking a moderate decline of 0.18 percent from Tuesday’s close of 18.5943. Despite an earlier rally that brought the peso to its strongest level in nearly a year, renewed dollar strength and cautious central bank expectations drove . . .
