USD/MXN extends gains above 17.7000, Banxico rate decision eyed

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USD/MXN extends gains above 17.7000, Banxico rate decision eyed
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USD/MXN continues the winning streak that began on Monday, trading higher around 17.7110 during the Asian session on Thursday. The pair experiences up

The US Dollar Index

The yield on the 10-year US Treasury note has reached record highs, standing at 4.61% at the time of writing. Additionally, Kashkari suggested that the option of keeping interest rates unchanged at their current levels remains open, especially if any potential rate cuts are postponed even further. These remarks fromIn August, US Durable Goods Orders rebounded with a 0.2% increase, a notable turnaround from the previous month's 5.6% decline. This performance exceeded market expectations, which had anticipated a 0.5% decline.

If the trend of declining inflation persists, Banxico might contemplate making changes to its monetary policy. These potential adjustments could have repercussions on the value of the Mexican Peso against the US Dollar.

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