The Mexican peso weakened past 19.4 per USD, moving further away from a two-week high of 19.27 reached on October 4, as investors evaluated the latest domestic inflation data while the US dollar gained ground.
Mexico's core annual inflation rate fell to 3.91% in September, its lowest level since February 2021, down from 4% in August and slightly below forecasts.
Similarly, the headline annual inflation rate declined for the second consecutive month to 4.58%, its lowest since March and below market expectations of 4.62%.
Mexico's core annual inflation rate fell to 3.91% in September, its lowest level since February 2021, down from 4% in August and slightly below forecasts.
Similarly, the headline annual inflation rate declined for the second consecutive month to 4.58%, its lowest since March and below market expectations of 4.62%.
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