Peso starts stable; markets watch for US inflation data

Initial calm in the foreign exchange market. The Mexican peso started the day trading stable around $17.50 per dollar spot, amid caution awaiting relevant economic data.

Key Factor : Global investors' attention is focused on the release of the U.S. PCE price index, the Federal Reserve's (Fed) preferred inflation indicator. This data, which will be released later, could influence expectations about the Fed's upcoming interest rate decisions.

Asian stock markets closed with mixed results, while European markets were trading with slight gains in the early hours. Oil prices were volatile.

The performance of the peso and other assets will depend largely on the inflation reading and the market's interpretation. Stay tuned for updates.

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