The peso reduced its losses and was trading almost stable on Wednesday, after November inflation figures in the United States came in line with expectations, which would keep the Federal Reserve on track to cut rates next week.
The peso was trading at 20.1554 units per dollar, with a loss of 0.04% compared to the LSEG reference price on Tuesday.
U.S. consumer prices rose by the most in seven months in November, but that is unlikely to deter the Federal Reserve from cutting interest rates for a third time next week amid a cooling labor market. .
With information from Reuters.
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