Mexican Peso pain deepens above 18.00 as carry appeal fades

The Mexican Peso prolongs its agony, extending losses by over 0.11% against the Greenback for the third straight day, while USD/MXN continues to trade above the psychological level of 18.00 as the carry trade loses its appeal.
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Fed’s Cook says inflation has stayed too high for too long

The Fed Governor Lisa Cook crossed the wires on Wednesday and said she is committed to returning inflation to the Fed’s 2% goal while preserving the strength of the labour market.
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