The Mexican Peso holds firm versus the Greenback as Banxico adopted a cautious stance regarding monetary policy, while jobs data in the US revealed that the labour market is stable. The USD/MXN pair exchanges hands at 16.95, virtually unchanged.
USD/MXN steadies as cautious Banxico signals offset solid US jobs data
Market sentiment shifted positively, despite the lack of progress in the Middle East conflict. Data from Mexico revealed that the economy would have grown a modest 0.1% in July, according to the national statistics agency, INEGI.
INEGI revealed that the Timely Indicator of Economic Activity – known in Spanish as Indicador Oportuno de…
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