USD/MXN falls to 17.48 after softer-than-expected US employment figures fuel dollar selling and intervention speculation.
The Mexican Peso strengthened against the US Dollar after a weaker-than-expected US jobs report pressured the greenback. USD/MXN dropped to 17.48, extending losses amid broader dollar weakness.
The move followed disappointing US employment data, which fell short of market expectations. Speculation of Japanese FX intervention also weighed on the dollar, adding to the peso’s gains.
Traders are monitoring the shift in sentiment as softer US economic data raises questions about Federal Reserve policy timing.