The Mexican peso weakened past 19.4 per USD, moving further away from a two-week high of 19.27 reached on October 4, as investors evaluated the latest domestic inflation data while the US dollar gained ground.
Mexico's core annual inflation rate fell to 3.91% in September, its lowest level since February 2021, down from 4% in August and slightly below forecasts.
Similarly, the headline annual inflation rate declined for the second consecutive month to 4.58%, its lowest since March and below market expectations of 4.62%.
Mexico's core annual inflation rate fell to 3.91% in September, its lowest level since February 2021, down from 4% in August and slightly below forecasts.
Similarly, the headline annual inflation rate declined for the second consecutive month to 4.58%, its lowest since March and below market expectations of 4.62%.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.