In the wake of other emerging market currencies' rebound as traders' appetite for risk returned as US bond rates declined from their previous highs,

The Mexican peso recovered from the six-month low of 18.25 hit on October 5th and gained above 18 versus the US dollar.

Since core inflation for September remained largely steady at 5.8%, 
the central bank of Mexico is anticipated to keep its current interest rate of 11.25% until the end of the year.

However, overall inflation increased toward Banxico's 2%–4% objective.

In September, the CPI for Mexico increased by 4.45% year over year, which was a little less than the predicted 4.47% growth.

Disclaimer: We don,t provide any Investment advice.