The Mexican Peso depreciated against the US Dollar following the Federal Reserve's decision to maintain unchanged interest rates, indicating no immediate policy shifts. Fed Chair Jerome Powell underscored the commitment to achieving a 2% inflation target, with potential inflationary risks from ongoing trade tensions. Concurrently, the US's current account balance showed improvement, supporting the dollar. In Mexico, economic indicators paint a mixed picture with signs of contraction in industrial production, while geopolitical tensions could further limit the Peso's recovery.
Mexican Peso weakened against the US Dollar after the Federal Reserve decided to keep interest rates unchanged, signaling no urgency in adjusting its policy stance.
Improving trade data in the US and geopolitical tensions may support the dollar, adding further pressure on the Peso.
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