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21 Oct 2026 · 22:15 GMT+3

Mexican Peso rout deepens as Iran tensions push USD/MXN toward 18.70

The Mexican Peso (MXN) weakened for the second straight day on Wednesday, down more than 1.49% against the US Dollar (USD), as the US-Iran conflict continues to underpin Oil prices and increases the chances that the Federal Reserve (Fed) might raise interest rates to control high inflation.

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