USD/MXN: Trump fears meet Banxico decision
The USD/MXN should be an interesting pair to watch in the coming days.
October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless.
Last week’s volatile trading saw USD/MXN reach 20.80, as markets reacted to concerns over a second Trump presidency. His protectionist and immigration policies would place pressure on the peso.
However, for now, the pair’s uptrend may face hurdles. USD/MXN climbed to an intraday high of 20.57, but bullish momentum failed to break the year-to-date peak of 20.80, signaling possible resistance ahead.
October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless.
Last week’s volatile trading saw USD/MXN reach 20.80, as markets reacted to concerns over a second Trump presidency. His protectionist and immigration policies would place pressure on the peso.
However, for now, the pair’s uptrend may face hurdles. USD/MXN climbed to an intraday high of 20.57, but bullish momentum failed to break the year-to-date peak of 20.80, signaling possible resistance ahead.
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