The Mexican Peso recovered on Monday after ending the week with more than 2.30% losses.
Mexican Peso gains 0.55%, trading at 17.92, after better-than-expected Economic Activity data.
reports strong economic activity for May, offsetting slow retail sales growth. US political developments with Biden's withdrawal and endorsement of Harris impact market sentiment, favoring high-beta currencies. Mexico’s economic data was mixed, though the Economic Activity indicator, which measures growth, was better than expected and bolstered the Mexican currency. Therefore, the USD/MXN drops below the 18.00 figure and trades with gains of 0.55% at around 17.92.
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