USD/MXN Slides Despite Subdued Mexico Inflation Rate
The Mexican peso held higher against the US dollar on Thursday despite Mexico's annual inflation easing to 3.37% in June, below 3.52% forecasts, as monthly CPI fell 0.27% and core inflation stayed at 4.03%, keeping peso demand resilient against the dollar today. The next mild-impact event for the Mexican peso will be the Industrial Production for May, due on July 10. For the USD, the major event will be the speech from the Federal Reserve Bank of Dallas President Lorie Logan, due later on Thursday. At the time of writing, the USD/MXN pair was trading at 17.53583, with a 0.24% decline during American trading hours on Thursday.
The Mexican peso held higher against the US dollar on Thursday despite Mexico's annual inflation easing to 3.37% in June, below 3.52% forecasts, as monthly CPI fell 0.27% and core inflation stayed at 4.03%, keeping peso demand resilient against the dollar today.
The next mild-impact event for the Mexican peso will be the Industrial Production for May, due on July 10.
For the USD, the major event will be the speech from the Federal Reserve Bank of Dallas President Lorie Logan, due later on Thursday.
At the time of writing, the USD/MXN pair was trading at 17.53583, with a 0.24% decline during American trading hours on Thursday.