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The Mexican peso strengthened to around 18.6 per US dollar in October, supported by expectations of a widening US-Mexico interest rate differential. The Federal Reserve is expected to leave rates unchanged at its October meeting, while Banxico is seen adopting a more hawkish stance at its November meeting. Nevertheless
The Mexican peso weakened to around 18.4 per US dollar in October, nearing a one-year low and tracking gains by the US currency against other emerging-market currencies. The dollar strengthened amid expectations of further Fed tightening, as elevated inflationary pressures stemming from the Middle East situation coinci