Dovish Tilt of Banxico causes USD/MXN Volatility

thumbnail
by Kashish Murarka   ·  July 2, 2024  

The Mexican Peso recently exhibited resilience despite a dovish tilt by Banxico at its latest policy meeting. A dovish tilt indicates a preference towards interest-rate cuts, which generally weakens a currency. Nevertheless, the USD/MXN pair displayed significant volatility, leaving investors uncertain about its future direction. Banxico's Dovish Tilt: A Closer Look Banxico, Mexico's central bank, decided to ...