The Mexican peso strengthened on Monday, at the start of a week that will be marked by the release of local inflation figures and the monetary policy decision of Banco de México, which is expected to lower its main interest rate again.
The domestic currency was trading at 19.3817 per dollar, up 0.11 percent from Friday's closing price, halting a three-day losing streak.
Last week, the Federal Reserve began its monetary easing process with an aggressive half-percentage-point interest rate cut, paving the way for Mexico’s central bank to cut rates in the face of moderating local inflation. Consumer price figures for the first half of September are expected on Tuesday, and Banco de México is expected to announce its sixth monetary policy decision of the year on Thursday, after cutting credit costs in August.