USD/MXN recovers from weekly lows amid risk-on sentiment, Fed decision awaited

Share: USD/MXN bounces off weekly lows to gain 0.56% ahead of expected Fed rate decision. Despite a surge in US consumer confidence, looming recession fears and a worsening Richmond Fed Manufacturing Index add to the uncertainty. Mexico’s stalled economic activity in May overshadows the IMF’s recently improved growth forecast for 2023. USD/MXN suffered […]