MXN
Market Analysis, MXN, Technical Analysis, USD
Mexican Peso Recovers as Weak US Jobs Data Ease Fed Hike Expectations
The Mexican Peso is recovering modestly against the US Dollar, but the broader trend remains under pressure as a narrowing US-Mexico interest-rate differential continues to weaken the appeal of the Mexican carry trade. USD/MXN has eased from a recent high near 18.35 to around 18.21, while the Peso remains on course for a weekly decline […]
by Currency Hedger
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- 1 day ago
Market Analysis, MXN, Technical Analysis
Mexican Peso Under Pressure as Rate Differential Narrows
The Mexican peso is trading around 17.7 per US dollar, reaching a five-month low as the currency responds to a changing interest-rate environment between Mexico and the United States. The Bank of Mexico kept its benchmark interest rate at 6.50% at its September meeting, while the Federal Reserve moved in the opposite direction by raising […]
by Currency Hedger
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- 1 week ago
Market Analysis, MXN, Technical Analysis, USD
USD/MXN, Mexican Peso forecast, Mexican Peso today, Fed rate hike, US dollar, Banxico interest rate
The Mexican peso weakened to around 17.2 per US dollar after reaching a more than two-year high of 16.98 on September 11, as the US Federal Reserve raised interest rates and signaled that another rate increase could still be possible this year. The Fed increased its federal funds target rate by 25 bps to 3.75%-4.00%, […]
by Currency Hedger
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- 2 weeks ago
MXN, Technical Analysis, USD
Mexican Peso Holds Near Two-Year High as Strong Mexican Data Supports MXN
Today Markets Analysis: The Mexican peso remains firmly supported near a more than two-year high against the US dollar, with improving domestic economic data providing fresh fundamental support for the currency. USD/MXN was trading near 16.98, close to the 16.91 level reached on September 4, its strongest point in more than two years. Mexican Economic […]
by Currency Hedger
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- 3 weeks ago
MXN, USD
Mexican Peso Hits Highest Level Since 2024
The Mexican peso strengthened to around 16.89 per US dollar in September, reaching its highest level since May 2024. US nonfarm payrolls increased by 162,000 last month, well above market expectations for a 56,000 gain. The figures point to continued strength in the US labor market, which is positive for Mexican exports and the economy […]
by Currency Hedger
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- 4 weeks ago
Currency Talk, MXN, USD
Mexican Peso Weakens as Fed Hike Bets Rise
The Mexican peso weakened to around 17.04 per US dollar from the more than two-year low of 16.91 touched on August 21, as a more restrictive policy signal from Fed Chair Warsh supported the US dollar. Warsh said the Fed is tracking the PCE index as its inflation gauge, using firmer rhetoric than earlier suggestions […]
by Currency Hedger
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- 1 month ago
MXN, Technical Analysis, USD
Mexican Peso reaches two-year high despite weaker Retail Sales
The Mexican currency appreciates to levels last seen in May 2024 as the USD/MXN falls to a two-year low as the US Dollar tumbles even though business activity in the services sector improved. The exotic pair trades at 16.92, down 0.22% for the week and 0.50% for the week. USD/MXN weakens on soft US Dollar […]
by Currency Hedger
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- 1 month ago