Puerto Vallarta, Mexico - The Mexican peso appreciated on Monday as investors reacted to local inflation data that came in lower than market expectations, while also keeping a close eye on developments surrounding a controversial judicial reform. The domestic currency, MXN, was trading at 19.8519 units per dollar, marking a 0.59% increase from Friday’s Reuters reference price.
Lower Inflation Spurs Peso's Strength
On Monday, the National Institute of Statistics and Geography (INEGI) released inflation data showing a minimal rise in the consumer price index (CPI) of just 0.01% in August. This figure came . . .
