The Mexican Peso (MXN) advanced by 0.60% against the US Dollar (USD) on Monday, as investors shifted away from the Greenback amid Moody’s International rating agency's review of the US government's debt prospects. USD/MXN trades at 19.32 after hitting a daily high of 19.48.
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Monday with his own rate cut forecast. According to Bostic, the Fed is on pace to do only a single quarter-point rate cut in 2025.
United States (US) President Donald Trump, speaking via Truth Social posts, has again declared a moderate success on attempting to manage the Russia-Ukraine war.