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Mexican Peso Holds Steady Amid Economic Data Anticipation
Mexican Peso Holds Steady Amid Economic Data Anticipation
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The Mexican peso showed minimal movement against the US dollar, closing at 19.5755 pesos per dollar as traders adopted a cautious stance. market participants are awaiting key economic indicators, including GDP figures from both Mexico and the United States, which could influence currency dynamics.
The peso’s recent upward trajectory has paused due to stagnant developments in US-China trade relations. With limited investor engagement, the USD/MXN exchange rate is expected to fluctuate within a narrow band of 19.52 to 19.66 in the NEAR term.
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