The Mexican peso falls slightly against the dollar, but continues with a favorable outlook. USD / MXN is still testing the 20.00 zone, which contains the lows for the time being. USD / MXN is rising for the third consecutive way on Monday, but it is doing so modestly and remains near the 20.00 zone, […]
Tag: Mexico
USD / MXN remains in a consolidation tone in the 20.00 zone
Mexican peso clings to recent gains against the dollar. Calm in financial markets at the end of the week. The USD / MXN continues to operate in ranges around the 20.00 zone, in consolidation mode, validating the fall of the previous days and with the Mexican peso without being able to definitively break below the […]
Mexican peso tests below 20.00 (again)
USD / MXN erases gains as the US dollar weakens across the board. The trend continues to favor the Mexican peso which is testing a psychological level. The USD/MXN erased the losses and traded below 20.00 again. The recovery of the US dollar lost momentum below 20.10 and turned lower. The Mexican peso is the […]
USD / MXN bounces after failing to break 20.00
The Mexican peso maintains a trend in favor of the dollar, but loses strength in the short term. USD / MXN remains close to 20.00 and with the bearish bias dominating. USD / MXN is rising modestly on Wednesday and operates around 20.06, after having fallen hours ago to 19.95. Once again, the Mexican peso […]
USD / MXN maintains a bearish tone, testing 20.00
The Mexican peso rose again against the dollar, after Monday’s fall. USD / MXN is still bearish, but without breaking 20.00. USD / MXN is declining on Tuesday after rising modestly on Monday. The price stands at 20.05 and continues to target the 20.00 area, which is the key short-term support. Optimism in stocks continues […]
USD / MXN falls to 10-day lows and continues to approach 20.00
Mexican peso continues to advance and retests 20.00. USD / MXN on track to have the lowest weekly close since March. The USD / MXN is falling on Friday for the second day in a row and it is doing so moderately. Losses are still contained above 20.00. The price continues to approach that key […]
Banxico leaves the policy rate unchanged at 4.25%
The central bank of Mexico (Banxico) announced Thursday that it left its benchmark interest rate unchanged at 4.25%. In its statement, Banxico said that a board member voted in favor of a 25 basis point rate cut. Market reaction With the initial market reaction, the USD / MXN pair erased a large chunk of daily […]
USD / MXN cuts weekly gains as the Mexican peso recovers, remains above 21.00
Mexican peso among the best performing currencies on Friday. USD / MXN on the way to having the first weekly profit in a month. USD / MXN is dropping modestly on Friday, cutting weekly gains. The price reached 21.49 hours ago, the highest level in two weeks, but then it changed the trend and fell […]
USD / MXN marks a month low below 21.00
Mexican peso continues with a bias in favor and presses over 21.00. Weakness of the dollar in the market favors a bearish continuity of USD / MXN. USD / MXN is falling for the second day in a row and it just hit a one-month low at 20.98, although it quickly returned above 21.00. The […]
The increase in VAT will mean a drop in turnover of up to 370 million and the loss of up to 6,165 jobs
The increase in VAT from 10 to 21% to sugary and sweetened beverages planned by the Government will result in a direct drop in turnover of between 119 and 370 million euros per year, as a result of the decline in consumption and between 1,980 and 6,165 jobs will be lost throughout the agri-food chain. The impact […]
