Mexican Peso pressured by firm US Dollar as December begins

Mexican Peso pressured by firm US Dollar as December begins

Mexican Peso drops 0.37% as November Business Confidence in Mexico worsens, signaling economic slowdown. A Banxico survey shows inflation likely to stay below 4%, but the economy will miss expectations of growth above 2% in 2024. US Dollar supported by stronger ISM Manufacturing PMI and Trump’s tariff threats, overshadowing weak economic data.

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