MXN

USD/MXN holds losses near 18.50 following Banxico’s rate cut, US PCE Price Index eyed

USD/MXN could rebound as the Mexican Peso faces pressure amid expectations of additional rate cuts. Banxico opted for a 25-basis-point…

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USD/MXN ticks higher after Banxico Minutes; looks to Powell’s speech for fresh impetus

USD/MXN edges higher on Friday, though the uptick lacks any follow-through buying. Mexican Peso weakens slightly after Banxico Minutes indicated…

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GBP/USD holds steady above 1.3550 as investors await UK GDP, US PPI releases

GBP/USD flat lines near 1.3575 in Thursday’s Asian session. The UK Unemployment Rate hit a 4-year high of 4.7% amid…

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Mexican Peso Struggles to Recover

The Mexican peso slid past 18.80 per USD to one-month lows, despite a softer dollar chiefly reflecting domestic headwinds and…

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Mexican Peso Strengthens to August 2024 Highs

The Mexican peso strengthened past 18.65 per USD in July, its strongest level since mid-August 2024, driven by stronger external…

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USD/MXN jumps above 19.00 on geopolitical risks

USD/MXN gains traction to near 19.05 in Friday’s early European session, up 0.98% on the day. Escalating Israel-Iran tensions provide…

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USD/MXN Finds resistance around 19.20 ahead of nine-day EMA

USD/MXN may find support around the eight-month low at 19.16. The RSI remains below the 50 level, strengthening the bearish…

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Mexican Peso set for weekly gains as weak US data offsets Banxico’s rate cut

Mexican Peso appreciates as USD/MXN dips to 19.47 after disappointing US sentiment data. Banxico cuts benchmark rate by 50 bps,…

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Mexican Peso weakens as US-China trade deal lifts US Dollar demand

The Mexican Peso weakens as the US Dollar strengthens on US-China trade deal optimism. The US-China trade deal to lower…

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Mexican Peso firms despite weak data as trades turn cautious on US-China talks

Mexican Peso shrugs off soft data, extends four-day rally as traders eye US-China meeting in Switzerland. Mexico’s Consumer Confidence dips…

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