Mexican Peso Rallies to 15-Week High Against US Dollar on Seasonal Trends and Technical Tailwinds
• Mexican Peso hits 15-week high against US Dollar amid broad Greenback selloff into holiday weekend • Mexico's November Trade Balance grows to 9-month high but unlikely to last due to seasonal factors • US Dollar heads into holiday break notably lower across the board after mixed inflation and economic data • Mexican Peso sees technical tailwind from bearish 50 and 200-day SMA crossover • Broader emerging market risk-on sentiment and US rate cut hopes added fuel to Mexican Peso rally