• The Mexican Peso rises as market sentiment lifts following the Federal Reserve meeting on Wednesday. 
• Despite acknowledging inflation remained sticky, the Fed’s Chair Jerome Powell described the need for higher interest rates as “unlikely”. 
• The Fed’s decision to reduce its Treasury holdings at a slower pace was taken by markets as a mildly dovish move, possibly weakening the USD. 

The Mexican Peso (MXN) trades higher in its key pairs on Thursday as market sentiment gets a lift from a combination of factors, including the US Federal Reserve’s (Fed) decision to maintain an easing bias at its policy meeting on Wednesday, and Crude Oil prices hovering close to seven-week lows. 

USD/MXN is trading at 16.93, EUR/MXN at 18.16 and GBP/MXN at 21.24, at the time of publication during the European session.