The Mexican peso declined against the US dollar after new inflation data, according to Investing.com México. Market participants are now waiting on the Bank of Mexico, known as Banxico, for its next policy signal.
The drop extends a difficult stretch for the currency. Reforma reported that the peso has depreciated sharply over the course of September. La Jornada put the closing level at 17.71 pesos per dollar, describing another session of losses.
Coverage of the move has centered on whether the recent pressure represents a short-lived episode or the start of a longer trend, a question raised by El Financiero. Yahoo Finanzas also carried the currency movement among its finance briefs.
The peso's path now hinges largely on what Banxico does next. The central bank's decision will be weighed against an inflation reading that has already pushed the currency lower, per Investing.com México.
What to watch next: Banxico's policy announcement and whether the peso holds near the 17.71-per-dollar level cited by La Jornada.
