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 Resumes Upward Move After Three-Days Correction

Forex Mar 27, 2020, 14:20 GMT by Nikolas Papas

USDMXN rebound today after the three-day correction from the all-time highs that hit on Monday amid the turbulence in financial markets. Central banks and governments stepped in aggressively injecting liquidity to markets and relief packages to small and medium-sized businesses in an attempt to off-set the coronavirus impact on the [...]

USDMXN Retreat From All-Time Highs As Jobless Claims Skyrocket

Forex Mar 26, 2020, 14:06 GMT by Nikolas Papas

USDMXN trades lower for the third consecutive session as the first economic data reflecting the impact from the coronavirus outbreak in real economy released earlier....

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USDMXN Turns Lower Following Meteoric Rise of 38% from 2020 Lows

Forex Mar 25, 2020, 10:00 GMT by Angeline Feliciano

USDMXN is finally paring some of its gains after its meteoric rise. In February, the currency pair had been trading around 18.4970. Within 16 days, it traded to its record highs at 25.4459. This translates to a 38% appreciation. What caused the Mexican peso to devalue by this much? USDMXN,...

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USDMXN At All-Time Highs As Crude Oil Slumps To 2002 Lows

Forex Mar 23, 2020, 15:55 GMT by Nikolas Papas

USDMXN continues higher for the 16 trading session as the crude oil price slumps to the lowest level since 2002 amid the coronavirus disruptions in the global economy and the crude oil price between Russia and Saudi Arabia....

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USDMXN Skyrockets to New All-Time Highs as Crude Oil Price Drops and on Coronavirus Fears

Forex Mar 18, 2020, 11:00 GMT by Angeline Feliciano

USDMXN soared by over 4% in today’s European session and tapped new all-time highs at 24.11. Why? Risk aversion and a crash in crude oil price has once again dampened demand for the Mexican peso. USDMXN, 15-minute chart Read our Best Trading Ideas for 2020. Along with the MXN, higher-yielding...

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USDMXN Hits All Time Highs as Crude Oil Price Crash

Forex Mar 09, 2020, 15:24 GMT by Nikolas Papas

USDMXN trades sharply higher for the fourth consecutive trading session and hits levels that we haven’t seen for many years. The pair hit the daily high at 22.0987 as the oil pegged currencies took a hit on the chin after the crude oil price crashed below the $30 mark level [...]

USDMXN Jumps Higher After Weak Mexico Consumer Confidence

Forex Mar 05, 2020, 16:27 GMT by Nikolas Papas

USDMXN trades sharply higher after the weaker consumer confidence from Mexico. The consumer confidence for February in Mexico fell to 43.3 from 44.1 in January. The Consumer Confidence s.a registered in at 43.9, topping the  expectations of 43.4. In the United States the Nonfarm Productivity came in at 1.2% below [...]

USDMXN Under Pressure On Stronger Mexican Industrial Output

Forex Feb 11, 2020, 13:58 GMT by Nikolas Papas

USDMXN trades lower for the second consecutive day in a row after stronger Industrial output from Mexico. The Mexico Industrial Output for the month of December came in at -0.3% topping expectations of -1.5%. The yearly Industrial Output reported at -1% also above the forecasts of -1.8%. Fed’s Powell said [...]

USDMXN Rebounds From 15-Month Lows Despite Better Mexican Jobless Rate

Forex Jan 21, 2020, 16:26 GMT by Nikolas Papas

USDMXN trades higher for the second day in a row as the rebound from 15-month lows continues. The Mexico Jobless Rate came in 2.9% below expectations of 3.5% in December. Banxico cut the interest rates for the fourth time in a row by 25 bps to 7.25% on December 19th. [...]

USDMXN Hits 14-Month Lows on Weak NFP data

Forex Jan 10, 2020, 15:33 GMT by Nikolas Papas

USDMXN hit the daily lows at 18.7465 to levels that we haven’t seen since October 2018. The pressure came after the U.S. Nonfarm Payrolls came in at 145K, well below the forecasts of 166K in December. United States Average Hourly Earnings (MoM) came in at 0.1%, below estimates of 0.3% [...]