USDMXN trades higher for the fifth consecutive trading session making fresh two week highs after better than expected economic data from the USA. The United States ISM Manufacturing PMI came at 54.2 beating the forecasts of 53.6 in July
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 trades close to daily highs after the GDP data from the USA and Mexico disappointed investors and increase the concerns that the economic recovery will be a bumpy process.
USDMXN started the week on negative foot as the USD weakness continues across the board. The U.S. Durable Goods Orders came in at 7.3% beating the expectations of 7.2% in June.
USDMXN continues lower for the third consecutive session as USD weakness continues across the board. USD failed to break above the 50-day moving average,
USDMXN turns lower today after yesterday’s sharp gains as the dollar is under selling pressure across the board. Risk-off sentiment yesterday shifted investors attention to USD and safe-haven assets
USDMXN retreat after earlier today rejected for the second time at the 100-day moving average. During July the pair is hovering around the 50 and 100-day moving average after the correction from multi-year highs
USDMXN trades lower for the third straight day after the rejection at the 50-day moving average. Today the pair breached below the 100-day moving average as investors dumb safe haven assets such as U.S. Dollar
USDMXN trades higher for the third consecutive session making fresh monthly highs as greenback gets a hand from better than expected economic data. The Conference Board’s (CB) Consumer Confidence Index jumped to 98.1 in June from 85.9 in May, beating the market forecasts of 91.8. However, the Chicago PMI rises […]