US Dollar/Mexican Peso (USD/MXN) Exchange Rate
USD/MXN Pivot Points
USD/MXN Latest Updates
Mexican states resume the economic reopening process despite an increase in Covid-19 infections.
Risk appetite is on the increase among global investors and the USD/MXN currency pair has seen a surge of selling.
Mexico is on the verge of becoming the tenth most infected Covid-19 country, overtaking Iran, and could surpass Italy by the end of this week as the ninth.
Mexico’s economy plunged by 17.3% in April, the steepest contraction since 1993 per the National Institute of Statistics and Geography
The USD/MXN forex pair has seen a flurry of US Dollar buying the past couple of trading sessions.
Despite heavy criticism, Mexican President López Obrador defends his decision to meet with US President Trump.
Mexican President López Obrador acknowledged 85,000 formal job losses related to the Covid-19 pandemic, adding that the number is forecast to increase to 130,000 by the end of June, and 1,000,000 in total.
The US dollar has gone back and forth during the Tuesday session as we are trading just below the 50 day EMA.
The USD/MXN remains ultra-attractive for speculators with a slight taste for volatility and the ability to manage their risk wisely.
Global Covid-19 infections are surging to new daily records, led by the US.
After putting in a day of solid gains mid-week, the Mexican Peso lost some value yesterday as the USD/MXN was bought.
Mexican President López Obrador is under intensifying criticism for his government’s strategy in response to the Covid-19 pandemic.
While the USD/MXN trades in a rather well-practiced range, what looks particularly interesting is that resistance up above seems to have shown signs of becoming stronger and is causing reversals.
Mexico’s economy struggles under Covid-19 lockdown measures, facing identical challenges as most countries are balancing the healthcare system with job losses and economic activity.
The USD/MXN has traded with flavor the past week and been challenging for even experienced speculators.
After touching higher values early this week the Mexican Peso lost some momentum, but importantly it has not shown an ability in the short term to punch through key technical resistance levels and the USD/MXN is still displaying selling pressure at critical moments.
Mexico's Finance Minister Herrera announced the economy most likely plunged 17% in April and expects a marginally smaller drop for May.
The US dollar has gone back and forth during the trading session on Monday, as we are sitting just above a potentially important support level.
The Mexican Peso has trended stronger against the US Dollar the past two months and short-term indications look favorable too.
Mexico’s President Lopez Obrador believes the economic slowdown in China will benefit his country, entice a spike in foreign investment,