USD/MXN STUMBLES AS SENTIMENT IMPROVES DESPITE HIGHER US BOND YIELDS

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The Mexican Peso (MXN) states a recovery after the bank crisis in the United States (US) appears to calm, as a risk-on impulse underpinned global equities. The CBOE Volatility Index (VIX) has fallen from weekly highs of 30.81 to the 23.00 region, while inflation figures in the US ticked down. At the time of writing, the USD/MXN is trading at 18.6200.

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