USD/MXN analysis amid the Banxico and Fed divergence
The USD/MXN exchange rate continued rebounding this week after the latest Banxico interest rate decision. It has risen for four straight days and is nearing the year-to-date high of 19.0. Fed and Banxico decisionThe USD/MXN pair has bounced back in the past few days after it became clear that the Federal Reserve will maintain a hawkish tone as inflation remains at an elevated level. In its last monetary policy meeting, the bank estimated that the first rate cut will happen later this year if only inflation continues falling. Therefore, the upcoming personal consumption expenditure(PCE) report ...