The Mexican peso exchange rate rose to 18.6169 per dollar after Banxico minutes hinted at slower rate cuts, while U.S. tariff concerns and solid jobs data shaped market moves.
The Mexican peso exchange rate closed at 18.6169 per U.S. dollar on Thursday, marking a modest gain after initial losses and reflecting fresh guidance from the Bank of Mexico. Traders reacted swiftly to the minutes of Banxico’s June meeting, which signaled that upcoming policy adjustments may slow in pace. The local currency climbed 1.15 centavos, or 0.06 . . .
