Mexican Peso rescued by Waller’s dovish tilt, appreciates ahead of NFP
The Mexican Peso appreciates against the US Dollar on Thursday, with the latter weakening amid a dovish tilt by Fed Governor Waller and speculation about an FX market intervention to boost the Japanese Yen. The USD/MXN trades at 16.92, down 0.32%.
The Mexican Peso strengthened against the US Dollar on Thursday, with the USD/MXN pair trading at 16.92, down 0.32%. Fed Governor Waller hinted at a potential pause in rate hikes if disinflation continues to progress, leaving the currency appreciating ahead of the US Nonfarm Payrolls and Unemployment Rate report. Analysts remain cautious as the pair trades below a bearish triple SMA cluster and fails to find clear structural support.
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