Ella 
The Mexican Peso (MXN) rallied sharply against the US Dollar (USD) on Wednesday as market sentiment turned positive following the Federal Reserve’s (Fed’s) decision to leave interest rates unchanged, although traders had already priced in the end of the Fed’s tightening cycle, despite leaving the door open for further tightening. The USD/MXN is down more than 1.50% to trade at 17.76, well below the psychological 18.00 level.
The Federal Reserve’s decision to leave interest rates unchanged was unanimous. In their monetary policy statement, Fed policymakers acknowledged the steady economic expansion in the third quarter and mentioned a moderation in job gains. However, they also noted that inflation remains too high and emphasized their commitment to returning inflation to their 2% target.
