MEXICAN PESO EDGES LOWER AS US DOLLAR RECOVERS AHEAD OF US INFLATION DATA

• Mexican Peso slips modestly against the US Dollar, reflecting cautious sentiment before US CPI release.
• US Dollar finds footing after last week's drop, bolstered by adjustments in Treasury yields.
• Industrial Production data looms for Mexico with forecasts pointing to a monthly decline alongside annual growth.

The Mexican Peso posts minimal losses against the US Dollar on Monday amid a risk-off impulse ahead of the release of the latest inflation report in the United States.  The Greenback is rebounding off last week's losses, while US Treasury yields recovered some ground. The USD/MXN trades at 16.82, up 0.17%.

Mexico’s economic docket would feature Industrial Production on Tuesday, which is expected to drop -0.7% monthly and is estimated to grow by 2.2%. Across the border, the New York Fed revealed that inflation expectations for one year stood at 3% and for three years dropped from 2.7% to 2.4%.  On Tuesday, the US Bureau of Labor Statistics (BLS) is expected to reveal February's Consumer Price Index (CPI).