USD/MXN rises over 1.40% ahead of the September 26 meeting of the Bank of Mexico
The Mexican Peso saw a significant decline against the U.S. Dollar on Wednesday, with the USD/MXN exchange rate climbing more than 1.40%. This sharp movement comes as expectations grow for a potential rate cut by the Bank of Mexico (Banxico) in its upcoming meeting on September 26, 2024. The exchange rate reached 19.58 during trading, driven by increasing anticipation of further monetary easing from the central bank.
