Bearish
USD/MXN hits 11-month high at 18.60 amid U.S. inflation surge
The USD/MXN exchange rate has surged to an 11-month high of 18.60, driven by higher-than-expected U.S. inflation data. The Consumer Price Index (CPI) rose to 3.7% annually in September, surpassing both the previous 3.4% and the anticipated 3.6%, fueling expectations of potential Federal Reserve rate hikes.
Key points
- USD/MXN reaches 18.60, an 11-month peak, following U.S. inflation data.
- U.S. annual CPI rises to 3.7% in September, exceeding forecasts.
- DXY index climbs to 102.91, reflecting dollar strength post-inflation data.
Sources
AI-generated from public news sources. Not financial advice.
