Daily digest market movers Mexican Peso steadies against US Dollar
The USD/MXN remains steady, despite the fact that the US Dollar Index (DXY), which tracks the performance of the American currency against another six, climbs to a seven-month high of 106.39, up by over 0.40%.
In October, the US Consumer Price Index (CPI) rose as expected to 2.6% YoY, up from 2.4%. On a monthly basis, the CPI rose by 0.2% as foreseen.
The Core CPI expanded by 3.3% YoY, as projected, and 0.3%, as estimated by private analysts.
Data from the Chicago Board of Trade, via the December fed funds rate futures contract, shows investors estimate 23 bps of Fed easing by the end of 2024.
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