The Mexican Peso begins the Monday session on a lower note against the US Dollar (USD) due to the Greenback capping its earlier losses as shown by the US Dollar Index (DXY), which is virtually unchanged near 103.24.
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The Mexican Peso (MXN) is virtually unchanged against the US Dollar (USD) after a tranche of mixed economic data from the United States (US) and traders paring rate cut bets on the Federal Reserve (Fed), which is keeping the Greenback (USD) bid across the board.
Economists are confident that the US economy will turn around in 2024 as the federal reserve appears cheerful as it has won the war on inflation which was largely around 2.7 per cent against the targeted 2.0 per cent.The month of December 2023 .