Anna 
The Mexican Peso (MXN) traded largely unchanged against its major counterparts on Wednesday, finding stability following a sudden depreciation the previous day, likely influenced by shifting global interest-rate expectations.
The evolving outlook in global markets may narrow the interest rate advantage traditionally enjoyed by the Peso, which has been buoyed by Mexico’s relatively high interest rates standing at 11.00%. These rates have historically attracted carry traders seeking higher yields.
Traders in the Mexican Peso market are now preparing for a significant influx of economic data on Thursday, dubbed the “Mexican Day of the Data,” which will provide updated insights into the nation’s economic health.
As of the latest update, the USD/MXN pair is trading at 16.60, EUR/MXN at 18.04, and GBP/MXN at 21.18. These levels reflect the current exchange rates as market participants await further developments and data releases.
