- The Mexican peso among the worst performing currencies for the week.
- The dollar with mixed results in the market.
USD / MXN is rising on Friday for the fifth day in a row and again pressures on resistance around 20.40-20.50. If this area is exceeded, further upward pressure could be expected. The Mexican peso continues to weaken.
The currency of Mexico is being affected in a context of problems with the supply of energy in the country due to the frost. The problems in Texas have their impact on the south.
Another negative factor for the Mexican peso is the rise in the yields of Treasury bonds. The 10-year rate is back above 1.30%. On Friday the dollar shows mixed results, but not even that is generating a decline in the USD / MXN, as it is with other crosses that have emerging currencies. So far this week the Mexican peso is one of the worst performing in the market.
Traders’ attention is likely to continue on what happens to stocks on Wall Street, which are rising modestly and hence, limiting the advance of USD / MXN. Another closely watched market is Treasury bonds. In turn, the weather conditions in the Texas area is also an important key.
Technical levels
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