and flows stayed at the emerging market currency, although the US Dollar appreciated against most G7 currencies. At the time of writing, the USD/MXN is trading at 18.0440, sliding a tiny 0.04%.Investors’ mood remained mixed throughout Wednesday’s session. The US Federal Reserve revealed the Beige Book, which showed that the economy in the United States is slowing while access to credit is narrowing.
Even though some Federal Reserve officials have pushed back against a recession, the Beige Book put it on the table. However, inflation remains high, and before the May meeting, the US central bank would need to digest its preferred measure of inflation, the Core PCE for March. On Tuesday, two Federal Reserve policymakers commented that inflation remains too high and the labor market too tight, namely St. Louis Fed President James Bullard and Atlanta’s