Puerto Vallarta, Mexico - The Mexican Peso struggled to maintain its earlier gains against the US Dollar as attention turned sharply to ongoing trade tensions between the two neighboring countries. By midday, the Peso had slid to 20.30 per dollar—up 0.30% from the previous session but unable to break above its weekly high near 20.22. The currency’s weakness follows a slightly hotter inflation reading in Mexico and solid but underwhelming US Nonfarm Payrolls data.
Inflation in Mexico Runs Hot, But Rate Cut Still Likely
Mexico’s inflation data for February exceeded . . .
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