Mexican peso continues to advance against the dollar. USD/MXN with a negative bias, targeting the 200-day moving average. Inflation in Mexico rises more than expected in July, annual rate reaches 8.15%. USD/MXN is falling again on Tuesday and is trading at 20.20, the lowest level in a month. Emerging market currencies are advancing against the […]
Tag: USDMXN
USD/MXN falls to one-week lows below 20.30
Mexican peso starts the week positive due to better weather in the markets. Dollar loses strength after Friday’s rally, in the context of rising stocks and bonds. USD/MXN tests levels below 20.30, ahead of the 200-day moving average. USD/MXN is falling on Monday and recently fell as low as 20.25, the lowest level in a […]
USD/MXN extends the pullback and falls towards 20.30
Mexican peso rises again against the dollar. Low yields on Treasury bonds put pressure on the greenback. The USD/MXN is falling for the second day in a row, supported by a general decline in the dollar in the market. The pair pulled back towards the 20.30 area, breaking important supports along the way. After the […]
USD/MXN Price Analysis: Rally loses steam, remains bullish
USD/MXN corrects lower after Tuesday’s rally. Keep looking for 20.80/21.00, but the signals are mixed. The USD/MXN is falling sharply, after Tuesday having the best day in weeks. The pair peaked at 20.82 and then started moving lower. The 20.80 area has become a strong barrier and a consolidation above should open the doors to […]
USD/MXN corrects below 20.70 after hitting two-week highs
Mexican peso recovers ground after Tuesday’s sharp drop. USD/MXN maintains an upward bias. Caution in markets, treasury bond yields on the rise. USD/MXN jumped to 20.82 on Tuesday, reaching the highest level since July 15. On Wednesday it is falling trimming part of the rally. The pair bottomed out Wednesday at 20.62, and is trading […]
USD/MXN falls back after trading at month-day highs above 20.50
Emerging market currencies pull back on cautious weather. USD/MXN with a bullish bias as long as it remains above 20.40. USD/MXN climbed hours back to 20.52, reaching the highest level in almost a week. It then pulled back and is trading at the 20.45 area. The rises occur before a strengthening of the dollar in […]
USD/MXN returns again above 20.30
The dollar remains weakened by low yields. Emerging market currencies with mixed results on Monday. USD/MXN with bearish bias, as long as it remains below 20.55. USD/MXN is rising modestly on Monday, on the downside in equity markets. The rise is being moderate as the dollar remains somewhat weak. The cross after falling to 20.26 […]
USD/MXN Price Analysis: The decline is contained at 20.30
USD/MXN falls for the fifth day in a row. Losses seem limited while above 20.30; dollar strengthens above 20.55. The USD/MXN falls for the fifth day in a row. The decline found support again around the 20.30 area, which also capped the decline in early July. The mentioned zone is the key support and a […]
USD/MXN bounces from 1-week lows towards 20.50, awaiting Fed
USD/MXN with slight bearish bias, and limited weakness above 20.40. Mexican peso loses strength on Wednesday, far from the best. Markets awaiting the decision of the Federal Reserve. USD/MXN is rising modestly on Wednesday ahead of key events and having managed to get back above 20.40. The dollar shows no direction, while the Mexican peso […]
USD/MXN falls to the 20.40 zone, without clear signals
Emerging market currencies rise on gains in stocks. USD/MXN finds support at 20.40. Fed meeting will be key for the Mexican peso. USD/MXN extended the bearish run on Friday and reached 20.39, the lowest level in almost a week. It then bounced higher to the 20.45 area. The cross moves with a negative bias in […]