USDMXN slumps to the lowest level since March 16 as it trades lower for 15 days out of the last 16 trading sessions. Investors dump greenback across the board amid the unrest in many cities in the United States
USDMXN
In this section, you will find important USDMXN news, actionable trading ideas, and a live USDMXN chart to help you understand how the Mexican Peso trades vs. the US Dollar.
USDMXN is one of the most important and liquid emerging pairs in the FX market. USDMXN is the ticker symbol in Forex markets that represents how many Mexican Peso you can buy with one US dollar. The factors that affect USDMXN are the interest rates, the GDP growth, inflation, unemployment rates, balance of payments and other macroeconomic figures. The US Federal Reserve Bank and Mexico Central Bank are the two institutions that USDMXN traders follow in order to get an idea about the future moves of the pair.
Live USDMXN Chart
USDMXN News
USDMXN Retreat From Two Month Lows As Crude Oil Drops
USDMXN rebound today after seven consecutive days of losses as the risk-on sentiment pressured the safe-haven USD the last two weeks. The pair accelerated the correction after last week
USDMXN At Two Month Lows As Crude Oil Price Pare Losses
SDMXN trades lower for the fifth consecutive trading session after the Mexico Retail Sales rose in March to -0.8% from previous -1.1%. The yearly reading for the Retail Sales came in at -1.3% below the expectations of -1%. The Mexico 1st half-month Inflation picked up at 0.3% topping the forecasts [...]
USDMXN At Monthly Lows Targeting 23.1905
USDMXN is under selling pressure for one more day as the correction from recent highs accelerates below the 50-day moving average. U.S. dollar is under selling pressure today as the risk-on sentiment returns
USDMXN Bears Testing the 50-Day SMA
USDMXN trades lower for the third consecutive day after the central bank of Mexico in its May policy meeting decided to cut the interest rates by 50 basis points to 5.5% as widely expected by markets.
USDMXN Pare Losses As Powell Rejects Negative Interest Rates
USDMXN pare losses after Jerome Powell rejects negative rates. Powell said that the last FOMC meeting minutes showed that all members were against negative interest rates. He also reiterated that negative rates were not something they were considering. Powell added: "Evidence on negative rates is very mixed, concern over negative [...]
USDMXN plunges as crude oil price and inflation data push Mexican peso higher
USDMXN Trade Higher Despite Dismal U.S. Jobs Data
USDMXN trades higher today as USD gains momentum across the board and especially against the emerging markets currency. USD supported by its status as a safe-haven asset as the global reserve currency amid the coronavirus outbreak. Weak economic data from the USA continues, but investors seem to ignore the economic [...]
USDMXN Retreat As Services PMI Slumps
USDMXN Retreat On Better Than Expected Unemployment Rate From Mexico
USDMXN retreat after five consecutive days with gains as the unemployment rate surprised positive. The unemployment rate in Mexico fell to 2.9% in March from 3.2% in March 2019
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