The peso edged higher on Monday, a small move that says a lot. Traders leaned into carry again as the Mexican peso gains on softer dollar vibes and hopes of a U.S.–China trade thaw. At home, President Claudia Sheinbaum’s decision with Washington to extend a trade deadline lowered near-term tariff risk. With the Fed set to decide rates midweek, a clean read on risk appetite is coming. If the dollar stays calm and talks hold, Monday’s quiet rally m…
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