USD/MXN rallies to a new cycle-high past 17.8000 ahead of Banxico rates decision

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USD/MXN rallies to a new cycle-high past 17.8000 ahead of Banxico rates decision
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The Mexican Peso (MXN) continues to weaken against the US Dollar (USD) during the North American session after hitting a daily low of 17.4748. Broad U

SD strength on risk aversion, due to some factors, underpins the USD/MXN, which is trading at 17.7837, though it has hit a new cycle high at 17.8161.

The US 10-year benchmark note rate sits above 4.63% and has gained nine and a half basis points so far in the session, while

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