The Mexican Peso declines against the US Dollar amid heightened Middle East tensions, overshadowing weaker US inflation and retail data.
The Mexican Peso weakened against the US Dollar on Monday, with USD/MXN climbing to 17.03 after briefly hitting a weekly low. The move reflects broader demand for the Dollar as geopolitical risks in the Middle East drive safe-haven flows.
Earlier, US inflation and retail sales data fell short of expectations, typically a negative for the Dollar. However, risk aversion from escalating tensions in the Middle East outweighed the impact of softer economic prints.
The pair’s rebound above 17.00 marks a shift from last week’s downward trend, though trading remains volatile amid mixed signals.