USD/MXN jumps above 17.70 as Middle East war spurs risk-off
The Mexican Peso (MXN) depreciates sharply on Thursday as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar (USD). Additionally, solid jobs data in the US decreased the chances that the Federal Reserve (Fed) might cut rates twice this year.
The Mexican Peso (MXN) depreciates sharply on Thursday as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar (USD). Additionally, solid jobs data in the US decreased the chances that the Federal Reserve (Fed) might cut rates twice this year.
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