%Effective Federal Funds Rate
EFFR
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Weak US jobs data reduces odds of Fed rate hikes, pressuring policy rate expectations downward.
The Mexican Peso surged to a five-month high against the US Dollar on Friday, driven by a weaker-than-expected US jobs report. The disappointing data fueled speculation that the Federal Reserve may hold off on raising interest rates in 2026, weakening the Greenback and boosting risk appetite. The Peso capitalized on the improved market sentiment to extend its gains.
Weak US jobs data reduces odds of Fed rate hikes, pressuring policy rate expectations downward.
Weak US jobs data reduces odds of Fed rate hikes, leading to lower Treasury yields.