Forex
Peso Steadies Amid Mixed Signals from Mexico's Budget and US Inflation
The Mexican peso has steadied against the US dollar as markets weigh mixed signals from Mexico's budget package and US inflation data.
The peso was trading flat around 16.91-16.97, a level cited by market commentaries as investors awaited Mexico's proposed 2027 budget and US price readings.
Reuters reported that Mexico's finance minister presented the proposed 2027 budget to Congress, which markets were parsing for its growth and borrowing implications.
The budget projection and details about cuts to state oil support were highlighted as potential drivers of local bond and currency moves.