USD/MXN retreats from a two-day winning streak ahead of US economic figures. US Dollar faces a challenge after the weaker preliminary US Michigan Consumer Sentiment Index. Banxico is expected to keep interest rates higher; contributingsupport for the Mexican Peso. USD/MXN pullsback from the recent gains, trading lower around 18.0160 during the Asian session on Monday.
The invitation for this visit is reported to have come from Israeli Prime Minister Benjamin Netanyahu. Market participants will likely watch the US Retail Sales on Tuesday, with the figure expected to rise 0.2% in September, compared to the previous reading of 0.6%. On the Mexican side, the recent release of Banxico's monetary policy minutes presents a hawkish outlook, with members indicating a reluctance to entertain the idea of a rate cut in the near term.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »