Loading…
The Mexican peso traded little changed on Friday, with USD/MXN near 17.02 ahead of the US PCE inflation release for April. Mexico's presidential vote was set for Sunday.
Analysts said a higher-than-expected PCE reading could delay rate cuts and support the dollar.
The routine trading range reflects event risk, with the outcome of the PCE data and the Mexican election set to drive the next move. No new structural driver is present.
teletrade.orgMay 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
