The dollar remains firm in the face of decline in the markets. USD/MXN rises for the fifth day in a row. USD/MXN is trading at the 20.21 zone, in positive territory for the day after bouncing from 20.10. The outlook remains bullish, with an eye on Friday’s high at 20.26. The area between 20.25 and […]
Tag: USDMXN
USD/MXN continues to rise and hits nine-day highs near 20.30
The dollar shoots up in the market due to a fall in the stock markets. Mexican peso remains under pressure and extends weekly losses. USD/MXN is facing resistance at the 20.20/25 zone. USD/MXN continued to climb and reached 20.26, the highest level since August 10. It then pulled back slightly and is trading around 20.18, […]
USD/MXN Price Analysis: Breaks above 20.00 again, loses momentum
USD/MXN rises for the third consecutive day, again above 20.00. Dollar needs to stay above 20.00, next resistance at 20.15/20. If it drops below 19.90 the bullish bias is removed. The USD/MXN rises for the third consecutive day, although so far it has failed to print new weekly highs. Upside remains capped below 20.10. The […]
USD/MXN accelerates to the upside and exceeds 20.00, reaches a maximum in one week
The Mexican peso continues to decline against the dollar in the face of a cautious climate in the markets. USD/MXN continues to rebound from lows in months. US retail sales mixed results, focus shifts to Fed minutes to be released in hours. USD/MXN is rising for the second day in a row and is back […]
USD/MXN: Banxico’s proactive rate hike supports the peso – Scotiabank
The Mexican peso is currently holding a small gain against the US dollar so far this year. Sharp rises in domestic interest rates have supported the MXN and Scotiabank economists expect policymakers to tighten rates further, keeping the MXN USD/MXN within recent ranges. The peso is supported by a tighter monetary policy “Banxico’s proactive rate […]
USD/MXN rises and approaches 20.00 on a stronger dollar
The dollar continues to recover ground on all fronts. USD/MXN moves away from lows in months. USD/MXN is trading near daily highs at 19.94, bouncing back after finding support in the 19.80 area. The rebound comes after several days with consecutive falls, which reached a minimum in two months. The current advance has more to […]
USD/MXN remains in the low zone in weeks below 20.00 after Banxico
Bank of Mexico raises interest rate and suggests that there will be more. Mexican peso rises for the fifth consecutive day against the dollar. USD/MXN tests 19.90. The USD/MXN is falling for the fifth day in a row, after Banxico’s interest rate hike. The pair is trading in the lows of the week around 19.90, […]
USD/MXN below 20.00, at six-week lows after Banxico
New data from the United States shows a slowdown in inflation. Banxico is expected to raise rates by 75 basis points on Thursday. The USD/MXN falls for the fourth consecutive day. The USD/MXN marked a new monthly low on Thursday at 19.90. It remains near the bottom, under pressure ahead of the Banxico decision and […]
USD/MXN falls to six-week lows below 20.00 ahead of Banxico
Mexican peso remains firm against the dollar. Rise in the stock markets and general weakness of the dollar take the USD/MXN below 20.00. The USD/MXN is falling again, accumulating four days in a row. The pair is back below 20.00 and closing below could suggest more downside ahead. On Thursday the pair hit new lows […]
USD/MXN plummets to 1.5-month lows below 20.00
USA: annual inflation falls more than expected in July. The dollar has abruptly fallen after the data. USD/MXN goes from 20.20 to 19.97. The USD/MXN fell sharply on Wednesday after the release of July inflation data from the United States. The pair fell below 20.00 for the first time since late June. The dramatic decline […]