Mexican peso strengthens on Friday. USD/MXN accelerates the bearish correction below 20.40. US labor market with better than expected figures in June. USD/MXN is falling for the second day in a row and is trading at 20.39, the lowest in three days. The dollar loses strength after the US employment data. firmer mexican peso Equity […]
Tag: Mexico
USD/MXN continues to advance and tests monthly highs at 20.70
Emerging market currencies under pressure from falling commodity and equity prices. Mexican peso far from the worst, but almost at a four-month low against the dollar. USD/MXN with sights on 20.70. USD/MXN is rising for the fourth day in a row and hit as high as 20.70, matching the June high. If it exceeds this […]
USD/MXN rises for the second day and reaches 20.00
The Mexican peso continues to retreat from two-week highs. Rise in Treasury bond yields put pressure on emerging markets. USD/MXN bounces from 19.80, finds resistance at 20.00 area. USD/MXN is rising for the second day in a row, extending the rebound from the 19.80 area, the lowest level in two and a half weeks. The […]
USD/MXN rises for the first time in six days, still below 20.00
The Mexican peso remains among the best performers in the last seven days. USD/MXN corrects higher from two-week lows. Wall Street is trading negative after a sharp rise last week. USD/MXN is rising on Monday, correcting higher after several days of declines. In turn, optimism on Wall Street is once again giving way to caution, […]
USD/MXN accelerates fall below 20.00 after Banxico rate hike
Banxico raises rates by 75 basis points, more of that magnitude could come. Activity index accelerates in April in Mexico. Rise in stocks and decline in US yields weaken the dollar. The Mexican peso is among the currencies that have risen the most in recent sessions, given a recovery in the equity markets and after […]
USD/MXN rises modestly ahead of Banxico, remains above 20.00
USD/MXN maintains a short-term bearish bias. Bank of Mexico would raise the rate by 75 basis points. Climate of caution prevails in the financial markets. USD/MXN is marginally higher on Thursday, after giving back much of the gains. The pair is trading around 20.05, after rising as high as 20.13. Mexican peso remains firm and […]
US: Distinguished Mexican scientist sentenced to four years in prison for spying for Russia
A prominent Mexican scientist was sentenced by a US court on Tuesday to four years in prison for espionage on behalf of Russia. Hector Cabrera Fuentes, 37, pleaded guilty in February. He was accused of acting on behalf of a foreign government without notifying US authorities. “I have deep regrets and regrets for what I […]
USD/MXN soars to 1-month highs, targets 20.45
Mexican peso plummets on risk aversion. USD/MXN accumulates an advance of 3.5% in two days. Wall Street futures fall 2% on average. The USD/MXN accelerated the gains on Monday, after the big jump on Friday and climbed to 20.42, the highest level in a month. The increases with respect to last Thursday exceed 3.5%. The […]
USD/MXN jumps to two-week highs above 19.80 on Wall Street crash
Stocks fall more than 2% on average in the US for the second day in a row. Inflation in the US hits new highs since 1981. USD/MXN breaks key resistances, points to more gains. USD/MXN soared on Friday after US inflation data and against a backdrop of sharp declines in equity markets, which is driving […]
USD/MXN rises to six-day highs but fails to assert itself above 19.60
The dollar rises modestly on Wednesday. Emerging market currencies with mixed results. USD/MXN bullish in the very short term, but limited. USD/MXN reached as high as 19.68 on Wednesday, reaching the highest since last Thursday, but then pulled back and returned to the 19.60 area. The pair maintains a bullish bias in the very short […]