Mexican peso closes at 18.50 per dollar as markets await inflation data

The Mexican peso weakened against the US dollar, closing at 18.50 pesos per dollar.

The move came as markets awaited Mexico's inflation figures.

The exchange rate expresses how many pesos are needed to buy one US dollar.

The inflation figures had not yet been released in the information available.

Their release is the next development mentioned.

The story gives no further details about the peso's movements or the inflation data.