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USD/MXN Analysis: Mexican Peso Challenges the 20 Pesos Per Dollar Floor

The Mexican peso has posted four consecutive days of gains against the U.S. dollar, with the USD/MXN pair down over 2.6% in that time. This renewed bearish bias is largely the result of easing concerns surrounding the trade war in relation to Mexico.

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Mexican Peso Technical Analysis: USD/MXN Scales the 20.00 Wall

Despite a reversal from two-year highs last week, bulls have continued to push in USD/MXN although the pair is notably lagging EUR/USD and USD/JPY for pricing in USD-strength over the past week.

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November 14, 2024 02:54 AM

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Bank notes of different currencies

Mexico Mid-month inflation shows rates continue to climb; USD/MXN

Mexico’s mid-month inflation rate hit a new high for the cycle today at 8.62%, which is helping push USD/MXN lower today towards prior support.

August 25, 2022 01:11 AM
Bank notes of different currencies

Lower headline Mexico CPI. Will Banxico hike tomorrow?

January headline CPI was weaker than December’s while the Core CPI was stronger. How will Banxico interpret this data?

February 10, 2022 03:20 AM
Yen, Euros and dollar currency bills and notes

USD/MXN and Other EM Currencies may be Topping

Emerging market currencies, in general, have been getting hit over the last few weeks.

April 6, 2020 09:32 PM
Bank notes of different currencies

The Collapse of the Mexican Peso

As the selloff continued in global stocks, the Mexican Peso continued lower vs the US Dollar.

Close-up of bank notes in different currencies

The Fall of the Mexican Peso

As long as stocks are moving lower, the carry trade should continue to unwind.

February 27, 2020 10:11 PM
Currency prices

USD/MXN Nearing Levels Not Seen Since 2018

The USD/MXN finally broker lower out of the triangle on December 11th, 2019

January 18, 2020 01:30 AM

Mexican Peso Stronger on Possible USMCA Deal

One must wonder how much of a “Done Deal” is already priced into USD/MXN.

December 10, 2019 02:59 AM

Bank of Mexico Cuts 25bps, USMCA Up Next

There is the possibility that USD/MXN can gap lower on the reopen.

November 16, 2019 02:20 AM

USD/MXN Up Over 1% before Thursday's Bank of Mexico Meeting

Banxico is widely expected to cut interest rates by 25bps for the third time.

November 13, 2019 02:27 AM

Peso rally faces home-grown challenges

Mexico’s currency may struggle to extend trade truce gains

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October 12, 2019 02:19 AM

Banxico Cuts 25bps as Expected, USMCA in Play

USD/MXN bulls will buy dips, as the pair had pulled back and held previous support.

September 27, 2019 01:53 AM

Argentina's Woes Continue

Today the Argentinean government asked the IMF to restructure a $57 billion loan

August 30, 2019 01:15 AM