Mexican peso weakens past 17.8 per dollar as geopolitical risks, data weigh
Investor sentiment weakened amid a fresh bout of geopolitical uncertainty and soft domestic data, pushing the Mexican peso past 17.8 per US dollar and reversing its recent recovery. The currency, which had shown signs of stabilizing, came under renewed pressure as global risk appetite deteriorated. Geopolitical tensions weigh on sentiment Renewed tensions in the Middle East were a key driver of volatility. Reports suggested that Saudi Arabia and the United Arab Emirates could become more directly involved in the conflict, while hopes for de-escalation faded after Iranian officials denied holding direct talks. The prospect of a broader regional escalation added to uncertainty in global markets. The shift in sentiment boosted the US dollar, typically viewed as a safe-haven asset during...
