- Mexico’s January mid-month inflation drops to below 4%, boosting optimism and supporting Banxico’s dovish outlook.
- Unexpected rise in US jobless claims raises due to weather distortions.
- Trump’s approving remarks about Mexico at WEF ease trade tensions and strengthen the Peso.
The Mexican Peso (MXN) strengthened against the Greenback during the North American session, hitting a ten-day high on upbeat inflation data from Mexico and a worse-than-expected jobs report from the United States (US). Furthermore, US President Donald Trump’s positive comments about Mexico at the World Economic Forum (WEF) were a tailwind for the Mexican currency. The USD/MXN trades at 20.37, down 0.54%.
Inflation in Mexico fared better than expected, as headline mid-month inflation for January dipped to 3.69%, below the 4% mark for the first time in four years, revealed the…
