🔴 MEXX is trading 2.2% down today as peso weakness pressures Mexico-linked assets

MEXX is trading 2.2% down at $24.78 as the Mexican peso weakened and investors positioned ahead of Banco de México’s September 24 policy decision.

• USD/MXN rose toward 17.50 as hawkish Federal Reserve expectations supported the dollar, pressuring Mexico-linked assets.
• Broader risk-off trading added pressure: the S&P 500 fell 0.38% and the Nasdaq fell 0.72%.