Mexican Peso retreats as USD/MXN bounces from near YTD low

The Mexican Peso (MXN) loses some ground against the US Dollar (USD) on Tuesday, with USD/MXN rising by over 0.09% amid a sour market mood and a stronger Greenback, ahead of the FOMC monetary policy decision on Wednesday. The exotic pair trades at 17.15, after hitting a daily low of 17.10.