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: USDMXN
USD/MXN Price Analysis: Sharp drop after failing to break 20.25
USD/MXN fails to break the critical resistance at 20.25. Below 20.00, the next strong support is found at 19.80. The USD/MXN is falling sharply on Friday, amid a broad decline in the US dollar. The pair’s decline comes after failing to break a key resistance zone around 20.25. For now, USD/MXN has bottomed out at […]
USD/MXN falls below 20.00 to a three-day low after US jobs report.
The dollar falls after US employment data. Mixed figures on the evolution of the labor market in August. USD/MXN plummets after data towards 20.00. The USD/MXN fell sharply from 20.13 to 20.01, after the release of the US employment report for August, which pushed the greenback down in the market. The pair hit three-day lows […]
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 Price Analysis: 20.15/20 resistance zone holds after first test
USD/MXN fails to break through key resistance near 20.20. Breaking above 20.20 would give the dollar a boost. The price continues to consolidate around 20.00. The USD/MXN it is sideways on Monday as it pulled back after reaching the highest level in almost a week at 20.16. The pair tested a critical resistance zone around […]
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 Price Analysis: Bearish bias while below 20.20
USD/MXN holds above 19.90 but faces pressure Further losses seem likely while below 20.20. The USD/MXN rises modestly on Friday but remains below 20.00. The pair found support above 19.80 and bounced back. The move higher so far shows the lack of strength keeping the bias in favor of the Mexican peso. A consolidation below […]
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 bounces off weekly lows towards 20.00
US data released on Thursday comes out better than expected. The dollar recovers momentum after the opening of Wall Street. USD/MXN rebounds after marking nine-day lows. USD/MXN is trading around 19.95, having erased daily losses after falling as low as 19.84, the lowest level in nine days. The rebound occurred before a strengthening of the […]
USD/MXN falls to one-week lows at 19.90, inflation continues to rise in Mexico
Mexican peso among the best performing currencies on Wednesday. Dollar remains firm supported by Treasury bond yields and market climate. USD/MXN finds support at 19.90. USD/MXN fell on Wednesday to 19.90 reaching the lowest level in a week. It then bounced back and is trading around 19.95, still with a bearish bias. The Mexican peso […]