US Pending Home Sales improved, but investors are focused on core PCE figures on Friday.
Banxico’s monetary policy decision loom, with analysts expecting a 25 bps rate hike.
USD/MXN Price Analysis: Further downside is estimated, but Banxico’s decision could spur a leg-up.
The USD/MXN continues its free-fall during the week, down 1.45% since Monday, registering five days of consecutive losses. Sentiment improvement, and a strong US Dollar (USD), have not stopped the appreciation of the Mexican currency. At the time of writing, the USD/MXN is trading at 18.1060, down 0.69% in the day.
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