Mexican Peso Slides to 1-Year Low on Fed Hold, US Data

The Mexican peso weakened to levels not seen in over a year following the Fed's decision to hold rates and its signal that more data is needed before further policy moves, compounded by U.S. inflation and GDP figures. The move reflects market repricing of relative monetary policy paths and risk sentiment toward Mexico. Uncertainty remains over the Fed's next move and the peso's trajectory amid divergent economic data.

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