Mexican Peso Weakens Ahead of US Inflation Data as Pound Holds Steady

The Mexican Peso depreciated against the US Dollar, with USD/MXN rising to 18.36, marking a 0.57% increase as traders awaited the upcoming US Consumer Price Index report, according to FX Street.

Meanwhile, the British Pound maintained a tight trading range against the US Dollar for the third consecutive week since September 24. The GBP/USD pair fluctuated between roughly 1.3200 and 1.3300, reaching a high just under 1.3260 and trading near 1.3250, FX Street reported.

For Japanese investors, these movements highlight ongoing cautious sentiment in FX markets ahead of key US economic data, which could influence global risk appetite and currency valuations in the coming days.