Mexican Peso gains despite US inflation concerns, Banxico rate cut speculation

• Deputy Governor Omar Mejia hints at upcoming rate cuts, with a focus on maintaining restrictive monetary policy. • US Industrial Production recovery and shifts in consumer sentiment barely move the USD/MXN currency pair. The Mexican Peso (MXN) begins Friday’s session printing minuscule gains against the US Dollar (USD) after hot inflation figures in the United States evaporated traders' hopes for a rate cut by the US Federal Reserve (Fed). Mexico’s weekly economic docket witnessed the release of Industrial Production data, which showed a slight improvement despite dealing with high-interest...