Mexican Peso weakens as Fed repricing lifts USD ahead of Banxico

The Mexican Peso posted losses of 0.34% on Monday as the Greenback recovered some ground, driven by the Federal Reserve's hawkish tilt, which pushed the US Dollar higher. At the time of writing, the USD/MXN trades at 17.35 after bouncing off daily lows of 17.29.
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United States Dollar Index rises, remains supported near 101.00

The US Dollar Index (DXY), which measures the value of the Greenback against a basket of major currencies, is trading near the 101.00 area on Monday, up 0.26% on the day at the time of writing.
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