USD/MXN: The Mexican weight rises to maximum of two days after the weak US employment data.

  • The USD/MXN falls to a minimum of two days in 18.75 before the opening of the American session on Friday.
  • The US dollar loses part of its profits of recent days after the weak US employment data.
  • The United States generated 73,000 non -agricultural payrolls in July, well below the expected 110,000.
  • Donald Trump postpone for 90 days the application of aracels of 30% to Mexico with the expectation of giving more time to an agreement.

The USD/MXN has fallen with force this Friday, collapsing from a maximum of five weeks in 18.98 to 18.75, its lowest level in the last two days. The pair quotes when writing about 18.80, losing 0.39% daily.

The dollar collapses after the weak non -agricultural payrolls of June and July

The American dollar index (DXY) has lost much of the profits recorded since Wednesday after knowing that The United States generated 73,000 non -agricultural payrolls (NFP) in Julywell below the 110,000 expected. To add more firewood to the fire, the June data was reviewed strongly down, with 14,000 jobs created compared to the 147,000 published a month ago. The unemployment rate, meanwhile, rose to 4.2% from the previous 4.1%, in line with the expected.

The dollar index, which had reached new two months of two months in 100.26, fell immediately after the NFP to 98.93, its lowest level in two days.

Waiting to digest the weak US employment data, USD/MXN operators turn their attention to ISM manufacturing Julywhich is expected to rise to 49.5 from the 49 of preliminary reading, and the confidence of the consumer of the University of Michigan for July, which is estimated to improve 62 from the 61.8 preliminaries.

Donald Trump extends for 9 days the establishment of tariffs of 30% to Mexico

US President Donald Trump announced yesterday that he would establish tariffs of 30% apart from Mexican products, but established a 90% postponement for application with the aim of reaching a new agreement in that period.

The Mexican peso depreciated slightly with the news, registering its fifth consecutive day of losses, although this Friday recovers grounded in the bad American employment data.

The president of Mexico, Claudia Sheinbaum, said yesterday that the 90 days of pause agreed with the US will serve to build a “long -term agreement.” Trump, on the other hand, clarified that despite the postponement, Mexico has a valid tariffs of 50% on steel, aluminum and copper, 25% on cars and the same percentage about imports that do not enter the T-MEC treaty.

USD/MXN price levels

The relative force index (RSI) is about to cross the level of 50 downward in the four -hour graph, indicating an extension in the next hours of the recent drop in the USD/MXN. The immediate support waits at 18.70, mobile average of 100 periods in 4 -hour graph. A break of this level will aim at the minimum of 2025 and the last year in 18.51.

Upwards, the first resistance to break is today and the last five weeks in 18.90. A jump above will take to the torque towards the psychological zone of 19.00, on the route to the Julio ceiling in 19.35.

Economic indicator

Non -agricultural payrolls

The most important result contained in the report on the employment situation is the monthly change in non -agricultural payrolls published by the US Department of Labor. The report publishes the employment creation estimates of the previous month and reviews in the data of the previous two months. Monthly changes in payrolls can be very volatile and the publication of this report generates high volatility in the dollar. A result superior to the market consensus is bullish for the dollar, while a result lower than expectations is bassist.

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Last publication: old age 01, 2025 12:30

Frequency: Monthly

Current: 73K

Dear: 110K

Previous: 147K

Fountain: US Bureau of Labor Statistics

The United States Monthly Employment Report is considered the most important economic indicator for foreign exchange operators. Published the first Friday following the informed month, the change in the number of employees is closely related to the general performance of the economy and is monitored by those responsible for the formulation of policies. Full employment is one of the mandates of the Federal Reserve and considers the evolution of the labor market by establishing its policies, which affects the currencies. Despite several advanced indicators that shape estimates, non -agricultural payrolls tend to surprise markets and trigger substantial volatility. The real figures that exceed consensus tend to be bulls for the USD.

Source: Fx Street

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