The Mexican peso validates Friday’s rises against the dollar. USD/MXN with support at 19.90m followed by 19.80. USD/MXN remains below 20.00, giving signs of strength for the Mexican peso. The pair started off at weekly lows around 19.90, before bouncing back toat 20.02, but quickly pulled back towards 19.95. The short-term bias continues to the […]
Tag: Emerging markets
USD/MXN hits 1-week highs near key 20.25 zone
Mexican peso falls against the dollar, but less than other emerging market currencies. USD/MXN with limited upside as long as it remains below 20.25. USD/MXN is rising modestly on Wednesday and continues to pressure the second half of August highs near 20.25. The cautious climate in financial markets is being a negative factor for emerging […]
USD/MXN pulls back, although still targeting the key 20.20 zone
Mexican peso among the best performers on Monday. Risk aversion climate weighs on emerging market currencies. USD/MXN with short-term bullish bias, key resistance at 20.15/20. The Mexican peso recovered against the dollar, and is in positive territory for the day, trading in the 20.00 area. USD/MXN rose hours ago to the 20.15 zone, the highest […]
USD/MXN remains near the weekly low, below 20.00
USD/MXN is falling on Friday, on a weakening dollar after US economic data. The pair trades below 19.90, validating weekly losses. In the US, it was known that both personal income and personal spending rose in July less than expected. The personal consumption expenditure price index recorded an unexpected decline in July. The figures sent […]
USD/MXN bullish, remains firm above 20.00
The dollar remains firm in the face of decline in the markets. USD/MXN rises for the fifth day in a row. USD/MXN is trading at the 20.21 zone, in positive territory for the day after bouncing from 20.10. The outlook remains bullish, with an eye on Friday’s high at 20.26. The area between 20.25 and […]
Bloomberg: China’s purported disengagement from emerging markets may turn out to be a mistake
A gap has opened between Chinese stocks and the rest of emerging market stocks in recent weeks as pandemic recoveries have diverged. That parting of the ways is likely to be short-lived, fund managers say, Bloomberg reports. Chinese stocks are seen as making up lost ground as extreme pessimism about its economy recedes and authorities […]
USD/MXN continues to rise and hits nine-day highs near 20.30
The dollar shoots up in the market due to a fall in the stock markets. Mexican peso remains under pressure and extends weekly losses. USD/MXN is facing resistance at the 20.20/25 zone. USD/MXN continued to climb and reached 20.26, the highest level since August 10. It then pulled back slightly and is trading around 20.18, […]
USD/MXN accelerates to the upside and exceeds 20.00, reaches a maximum in one week
The Mexican peso continues to decline against the dollar in the face of a cautious climate in the markets. USD/MXN continues to rebound from lows in months. US retail sales mixed results, focus shifts to Fed minutes to be released in hours. USD/MXN is rising for the second day in a row and is back […]
USD/MXN plummets to 1.5-month lows below 20.00
USA: annual inflation falls more than expected in July. The dollar has abruptly fallen after the data. USD/MXN goes from 20.20 to 19.97. The USD/MXN fell sharply on Wednesday after the release of July inflation data from the United States. The pair fell below 20.00 for the first time since late June. The dramatic decline […]
USD/MXN falls to 20.20, the lowest in a month
Mexican peso continues to advance against the dollar. USD/MXN with a negative bias, targeting the 200-day moving average. Inflation in Mexico rises more than expected in July, annual rate reaches 8.15%. USD/MXN is falling again on Tuesday and is trading at 20.20, the lowest level in a month. Emerging market currencies are advancing against the […]
