USD/MXN continues its gains for the second consecutive day, trading higher near 18.3000 during the Early European session on Wednesday. The pair stren
USD/MXN trades above 18.3000 as the US Dollar strengthens. Mexico’s CPI rate for the first half of October continued its decline. US Dollar rebounded from the monthly low amid robust US PMI data. gthens on the back of the upbeat PMI data from the United States, which bolsters the US Dollar . Mexico released its inflation data on Tuesday, revealing that the Consumer Price Index rate for the first half of October continued its decline. The report showed a print of 0.
The Services PMI experienced an uptick, reaching 50.9, while the Manufacturing PMI increased to 50.0. Significantly, the manufacturing index has consistently remained above the 50-point threshold for the past six months, indicating a positive trend in that sector. Investors are anticipated to closely track the US Q3 Gross Domestic Product on Thursday, with additional focus on the US Core Personal Consumption Expenditures data scheduled for Friday.
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