ins tight. Hence, the USD/MXN is trading at 17.5300, a loss of 0.30%, after hitting a daily high of 17.7074.
The Instituto Nacional de Estadistica Geografia e Informatica revealed that inflation in Mexico dropped to its lowest level since March 2021, at 4.64%, as expected by market analysts. Core inflation, which excludes volatile items, slowed sharply to a 20-month low in August at 6.08%, below the foreseen 6.12%.
Across the border, the US Bureau of Labor Statistics revealed that unemployment claims rose by 216K, beneath 229K forecasts on the week ending September 2, flashing a tight labor market. Even though the Greenback appreciated against most G8 currencies on theFed officials have become more neutral, as data suggests prices are cooling down.