The recent depreciation of the Mexican peso against the US dollar follows disappointing inflation data, indicating a challenging economic situation for Mexico amid global uncertainties.
The strong performance of the US economy, alongside ongoing uncertainty about the incoming Trump administration's policies, is increasing pressure on the USD, which affects the Mexican peso.
With consumer confidence declining in Mexico and inflation surprising to the downside, a potential rate cut by Banxico could erode the peso further against the dollar.
The inauguration of the Trump administration could introduce volatility for the peso, as potential trade restrictions may further exacerbate economic pressures between the US and Mexico.
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