Mexican Peso defies US inflation shock, extends gains
Mexican Peso shrugs off hot US inflation, Fed’s rate-cut hopes dwindle US inflation jumps past 3%, delaying Fed rate-cut expectations until September. Fed Chair Powell signals restrictive policy will persist as core prices remain strong. MXN gains despite lack of local economic data; Mexico-US steel tariff talks ahead. The Mexican Peso (MXN) extended its gains … Read more