The Mexican Peso recovers after the release of fairly benign Banxico minutes improved the outlook. President Sheinbaum sends an envoy to meet the “kings” of US finance: Dimon and Fink. USD/MXN peaks and pulls back after its mini-rally runs out of steam. The Mexican Peso edges higher in its most-traded pairs on Friday, carrying momentum over from its recovery on the previous day, when it found a floor and rose following the release of the Bank of Mexico meeting minutes.
Sheinbaum administration courts US investors Despite investor concerns regarding the political outlook for Mexico after the Morena-led coalition victory in June, there appear to be signs the new Sheinbaum administration is attempting to build bridges with some of the big players in global finance. On Thursday, the Mexican Secretary of Finance, Rogelio Ramírez de la O, separately met with the CEO of Blackrock, Larry Fink, and JP Morgan Chase’s CEO, Jamie Dimon, reports El Financiero.