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Mexican Peso flat amid strong US Dollar as US economy dodges a recession

The Mexican Peso (MXN) registers minuscule losses against the US Dollar (USD) on Thursday after economic data from the United States (US) witnessed the economy continuing to grow above trend, though below last year’s Q3 4.9% final reading.

Mexico Holds Key Interest Rate at 11 25% as Inflation Slows

(Bloomberg) Mexico kept borrowing costs unchanged for a second straight month as the central bank vows to maintain its restrictive stance over the coming months while inflation continues to show signs of cooling.Most Read from BloombergTitanic Sub Crew Dead After Vessel’s Catastrophic ImplosionThese Are the World’s Most (and Least) Liveable Cities in 2023Debris Found Near Titanic Wreck in Search for Missing VesselTitanic Sub Search Chases Mystery Noises as Air Runs LowAdani Group Draws Regula

19% rise in avocado prices at the forefront of Mexican inflation - report

Last month, avocado prices drove inflation in Mexico, advancing at the fastest pace in over a year.

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