The Mexican Peso (MXN) trades mixed in its major pairs on Friday as markets digest recent market-moving data.
The Mexican Peso trades mixed in key pairs after the release of the Banxico June meeting Minutes. The Peso is higher against the US Dollar but is down versus the Pound Sterling. USD/MXN is falling to a target at the end of the wave C of a Measured Move pattern. The Mexican Peso trades mixed in its major pairs on Friday as markets digest recent market-moving data.
The June Minutes stated that headline inflation rose due to non-core effects whilst core inflation had continued to fall – the same as in May. There was less emphasis on the impact of high services sector inflation, although, “Some members mentioned that services inflation remains above 5%. One member pointed out that it registered 5.19% in the first fortnight of June.
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