The Mexican peso started the week with a slight gain, awaiting crucial U.S. inflation data, which could influence potential rate cuts by the Federal Reserve.
Domestically, annual consumer inflation in Mexico surprised to the downside at 4.55% in November, the lowest since March, aiding the Central Bank's normalisation process.
Despite the positive consumer inflation news, the peso's appeal could diminish in a lower interest rate environment against the dollar.
The peso's future is uncertain, reliant on upcoming industrial production and business confidence data which could either pressure or bolster its value.
Collection
[
|
...
]