USDMXN reaction to recent inflation prints

Interesting to see $USDMXN pull back today, currently around 17.13786. Mexican inflation numbers came in a bit hotter than expected earlier this week, which initially provided some support for the MXN. However, the $USDX still shows some underlying strength at 25.505. I'm watching this area closely; if we see continued dovish signals from Banxico while the Fed maintains its higher-for-longer rhetoric, that could put a floor under this recent MXN strength despite local inflation. It's a tricky cross to trade right now with diverging central bank narratives.