Mexican Peso plunges after US NFP data, Banxico dovish tilt

Mexican Peso plunges after US NFP data, Banxico dovish tilt

Mexican Peso is under pressure, falling over 1% as USD/MXN hits a six-day high at 20.74. Strong December US Nonfarm Payrolls boost dollar; Fed may hold rates longer. Banxico minutes hint at larger rate cuts, adding pressure on the Peso.

submitted by /u/Demblin
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