Mexican peso starts the week positive due to better weather in the markets. Dollar loses strength after Friday’s rally, in the context of rising stocks and bonds. USD/MXN tests levels below 20.30, ahead of the 200-day moving average. USD/MXN is falling on Monday and recently fell as low as 20.25, the lowest level in a […]
Tag: Emerging markets
USD/MXN extends the pullback and falls towards 20.30
Mexican peso rises again against the dollar. Low yields on Treasury bonds put pressure on the greenback. The USD/MXN is falling for the second day in a row, supported by a general decline in the dollar in the market. The pair pulled back towards the 20.30 area, breaking important supports along the way. After the […]
USD/MXN falls back after trading at month-day highs above 20.50
Emerging market currencies pull back on cautious weather. USD/MXN with a bullish bias as long as it remains above 20.40. USD/MXN climbed hours back to 20.52, reaching the highest level in almost a week. It then pulled back and is trading at the 20.45 area. The rises occur before a strengthening of the dollar in […]
USD/MXN returns again above 20.30
The dollar remains weakened by low yields. Emerging market currencies with mixed results on Monday. USD/MXN with bearish bias, as long as it remains below 20.55. USD/MXN is rising modestly on Monday, on the downside in equity markets. The rise is being moderate as the dollar remains somewhat weak. The cross after falling to 20.26 […]
USD/MXN bounces from 1-week lows towards 20.50, awaiting Fed
USD/MXN with slight bearish bias, and limited weakness above 20.40. Mexican peso loses strength on Wednesday, far from the best. Markets awaiting the decision of the Federal Reserve. USD/MXN is rising modestly on Wednesday ahead of key events and having managed to get back above 20.40. The dollar shows no direction, while the Mexican peso […]
USD/MXN pulls back from daily highs at 20.50
Emerging market currencies without clear direction on Wednesday. Mexican peso stabilizes around 20.50. USD/MXN starts to form important support around 20.40. USD/MXN is trading around 20.50, after hitting highs since Friday at 20.59. On Tuesday the cross bottomed at 20.31 before bouncing higher. The area around 20.40 has become an important support, where the 20 […]
USD/MXN falls to 20.23, the lowest in almost two weeks
Mexican peso and emerging market currencies rise Monday on better weather. USD/MXN extends the correction to the 20.30 zone. USD/MXN is falling again on Monday and hit the lowest level since July 5 at 20.32. Days ago the crossing had come to operate around 9:00 p.m. The better climate in the markets and a general […]
USD/MXN remains above 20.65 and for now, away from 21.00
Mexican peso gets a break from dollar correction. USD/MXN continues with a dominant upward trend, sideways in the very short term. Support at 20.65/70, resistance remains at 20.90. The USD/MXN is falling on Friday due to a weakening of the dollar in general and a rise in the markets in general. The better mood is […]
USD/MXN points to 21.00 due to general strength of the dollar
The dollar remains firm in the market in a negative context. USD/MXN resumes gains after Wednesday’s correction. USD/MXN is rising sharply on Thursday erasing Tuesday’s decline and is approaching 21.00 again. The dollar remains firm in the market in a negative context. The Mexican peso has not escaped the pessimistic global climate that keeps the […]
USD/MXN jumps to four-month highs near 21.00 after US data.
The dollar soars after the US inflation data for June. Expectation of aggressive Fed monetary tightening drives Treasury yields. Emerging currencies plummet, several at record lows against the dollar. USD/MXN rises to the 21.00 area, advancing for the third day in a row. USD/MXN is rising for the third day in a row and climbed […]