- The USD/MXN remains stable within the range of the last four days.
- The US dollar rebounds after the good data of the ISM of services but remains negative on the day measured by its DXY index.
- The ISM services PMI rises to 51.6 in April, improving the expected 50.6.
The Mexican peso quotes since Tuesday of last week in a narrow range limited by 19.52 down and 19.70 upwards. This Monday, the torque moves within these parameters, narrowing them to a ceiling of 19.62 and a floor of 19.54 in what we have been in time. The USD/MXN is practically flat in the American session, around 19.58.
The US dollar records losses on Monday despite the good PMI of US ISM services.
The American dollar index (DXY) began the week rising to a daily maximum of 99.90 in the European morning, but shortly after sliding towards 99.46, minimum daily. Although it has bounced up after the good data of the PMI of services of the American ISM, the green ticket records losses of 0.42% in these moments around 99.59.
He ISM services PMI has risen eight tenths in April, rising to 51.6 points from March 50.8. The figure has improved market expectations, since a setback was expected at 50.6 points.
The market will be very aware this week of the Monetary policy meeting of the United States Federal Reservewhich will reveal your decision on interest rates on Wednesday, although no type cuts are expected.
Donald Trump again lashed out Sunday against Jerome Powell, president of the Fed, ensuring that he does not think about dismissing him but pointing out that it is ‘a total rigid’ that should lower the guys. The US president also announced that he will put a 100% tariff on foreign films and that at some point he will reduce tariffs to China.
Mexico will publish its inflation data this week
In the Mexican calendar, the April inflation fact, which will be known next Thursday. The consumer price index (CPI) grew at a rate of 3.8% annual in March and 0.31% monthly. The figure will be a key measure for the announcement of Banxico interest rates on Thursday, May 15.
On the other hand, the survey on expectations in the private sector economy made by the Bank of Mexico for April has indicated a reduction in the growth projection of the Mexican economy in 2025. It is projected that at the economic level 0.20% will grow against 0.50% previous.
USD/MXN Price levels
With the trend showing neutral in short -term graphics, only a firm break over the mobile average of 100 periods in time graph at 19.60 could project a larger climb around 19.76, a ceiling of last week. Above this level, the USD/MXN could rise in the direction of the psychological zone of 20.00.
Down, the main support remains at a minimum of 2025 registered on April 23 in 19.46. A rupture of this level would point towards 19.11/19.06, soils in October and September 2024, respectively.
Mexican weight FAQS
The Mexican weight (MXN) is the most commercialized currency among its Latin American peers. Its value is widely determined by the performance of the Mexican economy, the country’s central bank policy, the amount of foreign investment in the country and even remittance levels sent by Mexicans living abroad, particularly in the United States. Geopolitical trends can also affect MXN: for example, the Nearshoring process (or the decision of some companies to relocate the manufacturing capacity and supply chains closer to their countries of origin) is also considered a catalyst for the Mexican currency, since the country is considered a key manufacturing center in the American continent. Another catalyst for MXN is oil prices, since Mexico is a key exporter of the raw material.
The main objective of the Central Bank of Mexico, also known as Banxico, is to maintain inflation at low and stable levels (in or close to its 3%target, the midpoint of a tolerance band between 2%and 4%). To do this, the bank establishes an adequate level of interest rates. When inflation is too high, Banxico will try to control it by raising interest rates, which makes the indebtedness of homes and companies more cooling, thus cooling the demand and the economy in general. The highest interest rates are generally positive for Mexican weight (MXN), since they lead to higher yields, which makes the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken the MXN.
The publication of macroeconomic data is key to evaluating the state of the economy and can have an impact on the valuation of the Mexican weight (MXN). A strong Mexican economy, based on high economic growth, low unemployment and high confidence is good for MXN. Not only attracts more foreign investment, but it can encourage the Bank of Mexico (Banxico) to increase interest rates, particularly if this fortress is accompanied by high inflation. However, if the economic data is weak, the MXN is likely to depreciate.
As an emerging market currency, the Mexican weight (MXN) tends to rise for periods of risk, or when investors perceive that the general market risks are low and, therefore, are eager to participate in investments that carry a higher risk. On the contrary, the MXN tends to weaken at times of market turbulence or economic uncertainty, since investors tend to sell higher risk assets and flee to the most stable safe shelters.
Source: Fx Street

I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.