Mexican Peso gains traction against the US Dollar, spurred by an uplift in global risk appetite and a softer Greenback. Wall Street responds favorably to President-elect Donald Trump's market-friendly Treasury Secretary appointment, influencing broader market trends.
reports progress in Mexico’s disinflation process and a deceleration in Q3 GDP growth, fueling speculation of potential Banxico rate cuts. US President-elect Donald Trump's pick of Scott Bessent as Secretary of the Treasury was cheered by investors with global equities trading in the green. The USD/MXN trades at 20.30, down by 0.45%. Wall Street rallied after Trump chose the hedge fund manager since he is deemed a market-friendly pick. Consequently, the Greenback is heavy, losing over 0.