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
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 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 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 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.
The USDMXN pair declined today as the market reacted to the upbeat crude oil prices and better-than-expected inflation data.
USDMXN retreat for the second consecutive session as risk-on sentiment prevails after the partial opening of the economies around the globe.
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