Warsh's Hawkish Comments Spark Peso Plunge Against US Dollar
The Mexican Peso plummeted against the US Dollar on Friday, down by over 0.42% following hawkish remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole Symposium.
Warsh emphasized that the US central bank would prioritize inflation, which has not improved according to underlying measures.
The USD/MXN trades at 17.04, after bouncing off daily lows of 16.94, and is expected to strengthen further as investors price in a potential rate hike in 2026.