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The U.S. Dollar strengthened against major currencies but showed some weakness against Emerging-Market currencies after the Federal Reserve implemented a "hawkish cut" to interest rates, aiming to combat stagflation. Fed Chair Jerome Powell emphasized that this is not the start of a prolonged loosening cycle, with inflation still a concern. Meanwhile, the Euro has been losing ground due to political and economic challenges in France, compounded by U.S. central bank actions. The Mexican Peso remained resilient, supported by better-than-expected economic indicators, including a surprising expansion in Aggregate Supply and Demand. Upcoming data on Retail Sales and Consumer Price Index could further influence the Peso's performance.
