# Mexican Peso extends recovery after release of US Core PCE data

> The Mexican peso recovered after softer-than-expected US core PCE inflation data, which supported expectations of Fed rate cuts. USD/MXN fell to 18.34, while the peso was still under pressure from unwinding carry trades and weaker Mexican data.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/29522-mexican-peso-extends-recovery-after-release-of-us-core-pce-data
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the cost of US feed imports for Mexican buyers, which supports demand. Gains are likely to be capped by the carry-trade unwind and Mexico's weak economic data.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-recovers-as-carry-trade-unwind-fades-202407261017

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.