Mexican Peso extends nine-day gains as Gulf War de-escalates
The Mexican Peso extends its gains for the ninth consecutive day on Wednesday, as the US Dollar remains on the back foot amid softer-than-expected US jobs data ahead of the…
Read More »USD/MXN holds gains near 18.70, extends recovery due to stronger US Dollar
USD/MXN edges higher for the second successive day, extending its recovery slightly after rebounding from 18.66, the lowest since August 2024, which was recorded on July 1. The pair is…
Read More »Mexican Peso plunges to new yearly low amid strong US Dollar
The Mexican Peso depreciated sharply against the Greenback on Friday and recorded new yearly highs of 20.29, above the former 20.22 peak late in the North American session, set to…
Read More »USD/MXN rises to near 18.50; upside could be limited due to lower US yields
USD/MXN continues to gain ground for the fifth successive session, trading around 18.50 during the European hours on Monday.
Read More »Mexican Peso profits from US data turmoil
The Mexican Peso counterattacks registered solid gains versus the US Dollar on Friday as economic data from the United States (US) showed that inflation edged slightly up, while Mexico’s Trade…
Read More »Mexican Peso gains despite US inflation concerns, Banxico rate cut speculation
The Mexican Peso (MXN) begins Friday’s session printing minuscule gains against the US Dollar (USD) after hot inflation figures in the United States evaporated traders’ hopes for a rate cut…
Read More »Mexican Peso taps multi-month high in faltering broad-market Greenback selloff
The Mexican Peso (MXN) rallied to a fresh 15-week high on Friday as the broader market took one last opportunity to sell off the US Dollar (USD) heading into the…
Read More »Mexican Peso prolongs gains on strong demand, Banxico’s decision, and soft US inflation
The Mexican Peso (MXN) stages a strong comeback versus the US Dollar (USD) after the Bank of Mexico – also known as Banxico – kept rates unchanged, di
Read More »USD/MXN edges higher despite risk aversion after mixed US NFP
USD/MXN is almost flat after hitting a daily high of 18.5964, though a mixed US employment report weighed on the US Dollar (USD). However, the USD/MXN
Read More »USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG
The Mexican Peso has been rising versus the US Dollar over the last weeks. Analysts at MUFG Bank, argue the resilience of the Mexican Peso might not l
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