Mexican Peso edges down 0.50% as USD/MXN rebounds from a daily low of 17.63.
IMF lowers Mexico's 2024 GDP forecast from 2.4% to 2.2% amid economic slowdown.
Trump's interview boosts market volatility; Fed officials hint at potential rate cuts.
The Mexican Peso stumbled and lost some 0.50% on Wednesday as risk appetite deteriorated. Former US President and Republican Candidate Donald Trump’s interview with Bloomberg spooked investors, and Wall Street equity indices plunged. Therefore, the USD/MXN trades at 17.75 after bouncing off daily lows of 17.63.
The economic docket in Mexico is absent, though the Bank of Mexico Deputy Governor Omar Mejia Castelazo crossed the wires, saying that although Banxico cut rates, it doesn’t mean the beginning of a cycle of interest rate cuts.
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