The Mexican peso resumes its decline against the dollar. USD/MXN is likely to continue rising as long as it is above 20.70. USD/COP and USD/CLP hit all-time highs. After a two-day correction, the USD/MXN resumed the upward path and jumped to 20.78, matching the July high. A stronger US dollar overall buoyed the pair on […]
Tag: EmergingMarkets
USD/MXN breaks above 20.50 as markets slide, heading for 20.70
Emerging market currencies are under pressure amid risk aversion. The Mexican peso is heading for the lowest daily close since March against the US dollar. The next resistance in the USD/MXN is seen at 20.70. The USD/MXN accelerated the move higher on Tuesday amid a sharp decline in stock markets around the world. Recession fears […]
USD/MXN jumps to 20.45, dollar soars on recession fears
Emerging market currencies extend their weekly losses on Friday. US dollar remains firm on risk aversion, DXY rises 0.65%. USD/MXN tests critical resistance contained by the 100-week SMA. The U.S. dollar rose against emerging market currencies on Friday, extending weekly gains fueled by global concerns over growth prospects and central bank rate hikes. the mexican […]
USD/MXN jumps to 20.50 as Wall Street plunges
Risk aversion intensifies in financial markets. Treasuries also lower, US yields at multi-year highs. USD/MXN breaks key resistance levels, tests 20.45/50 zone. The USD/MXN rises sharply on Monday as global markets fall. The pair went from below 20.00 to 20.50, reaching the highest level since May 2nd. It is posting the biggest daily gain in […]
USD/MXN hits three-week highs above 19.90 on risk aversion
The dollar rises across the board on risk aversion. US yields advance strongly after inflation data. USD/MXN is headed for the biggest weekly gain since March. The USD/MXN is having the best day in weeks, fueled by a rally in the US dollar across the board. The pair went from below 19.70 to 19.96, reaching […]
USD/MXN at March 2020 lows below 19.50
The Mexican peso accelerates against the dollar at the beginning of the week. USD/MXN breaks 19.70 and then 19.50, two critical support zones. Improved risk sentiment drives demand for emerging market currencies. The USD/MXN falls for the fifth day in a row on Monday. It hit 19.41, the lowest level since March 2020. It is […]
USD/MXN falls to its lowest level since January 2021, near 19.50
The Mexican peso is among the best performers on Friday. USD/MXN is trading at the lowest level since January 2021. The appetite for risk, the weakness of the dollar and an aggressive Banxico support the rise of the MXN. The USD/MXN is falling sharply on Friday, with the Mexican peso leading across the board. The […]
USD/MXN falls to monthly lows below 19.90
The Mexican peso maintains weekly gains against the dollar. Emerging market currencies are weathering the wave of risk aversion well. USD/MXN is headed for the third consecutive weekly decline. The USD/MXN continued to fall on Friday and bottomed at 19.84, the lowest level in a month. It then trimmed losses and rose towards 19.90 as […]
USD/MXN falls to four-week lows below 20.00 amid risk appetite
The Mexican peso continues to rise against the dollar as markets recover. DXY extends bearish correction and suffers worst daily loss in months. The drop below 20.00 further weakens the USD/MXN pair. The USD/MXN falls on Tuesday for the sixth day in a row. He bottomed at 19.92, the lowest level since April 19, and […]
USD/MXN jumps above 20.30, risk aversion hits emerging market currencies
Wall Street is falling sharply, volatility soaring as US yields hit multi-year highs. Emerging market currencies are under pressure from risk aversion. USD/MXN erases losses and looks at 20.50. The USD/MXN is rising sharply on Thursday, erasing Wednesday’s losses and so far retaking the 20.30 zone. Over the past two hours, the pair is up […]