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Apr 25, 2024
Mexican Peso dips as US inflation rises, trimming Fed rate cut hopes
The Mexican Peso (MXN) fell during the North American session on Thursday, depreciating more than 0.5% against the US Dollar following the release of the Gross Domestic Product (GDP) in the United States (US) for the first quarter of 2024, which was weaker than expected.
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Apr 25, 2024
Forex Today: The Dollar now looks at PCE
The continuation of the downward bias hurt the Greenback and prompted the USD Index (DXY) to recede to multi-day lows following disheartening GDP readings and higher inflation prints, all prior to Friday’s release of PCE data.
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