The US dollar remained steady ahead of the release of US inflation data and the US-China tariff deadline. Following the inflation report, the dollar declined sharply, dropping more than 10 Mexican pesos and falling below 960 pesos, with some intraday losses reaching nearly 15 pesos. The inflation data indicated moderate consumer price increases in July, supporting market expectations for a Federal Reserve interest rate cut in September. This shift in monetary policy outlook led to a decline in US Treasury yields and the dollar reaching a two-week low. Investors anticipate the Fed may implement sustained rate cuts, which has increased pressure for monetary easing. Concurrently, gold prices rose amid the weaker dollar and growing Fed rate-cut bets. The dollar traded near 950 pesos as markets adjusted to the prospect of upcoming Fed policy easing.