The Mexican Peso (MXN) loses ground versus the Greenback (USD) on Monday, ahead of a busy week in the central bank space, as three of the most importa
nt are set to deliver their decisions. At the time of writing, the USD/MXN is trading at 17.1182 after printing a daily low of 17.0296.
Investors’ mood depreciated the Mexican currency as the US Federal Reserve is expected to deliver its decision on Wednesday, at around 18:00 GMT, followed by Jerome Powell’s press conference. According to data, the swaps market sees the Fed holdingunchanged, at 5.25%-5.50%, thought would likely keep their options open due to last week’s inflation uptick. USD/MXN traders would look at the update of the so-called ‘dot-plots.
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