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.

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USDMXN News

USDMXN

USDMXN Hits 14-Month Lows on Weak NFP data

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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% [...]
USDMXN

USDMXN Rebounds from Eight-Month Lows

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USDMXN turns higher for the day after better Initial jobless claims from the USA.  The U.S. Initial Jobless Claims came in at 214K, below forecasts of 220K on January 3. The previous week reading revised to 223,000 from 222,000. The four-week moving average came in at 224K below the estimates of [...]
USDMXN

USDMXN Remains on the Defensive Below 19.00

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Selling pressures resumed today in USDMXN after a short break last Friday.  The pair rebounded on Friday after the news of the killing of the Iranian General Soleimani. Now investors await the retaliation from Baghdad. On the data front, Mexican Trade Balance last week, registered in at $0.79B, topping estimates [...]
USDMXN

USDMXN Hits five Month lows

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USDMXN continues south for one more day giving up 0.17% at 18.9137 hitting fresh   six month highs. The Mexico Trade Balance, came in at $0.79B, topping forecasts of $-0.245B in November while the Trade Balance s/a came in at $0.545B, below forecasts of $0.824B in November, The Banxico cut its [...]
USDMXN

USDMXN Hits Five-Month Lows Ahead of Banxico Decision on Thursday

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USDMXN is under selling pressure for the fifth consecutive session as the pair gives up 0.02% at 18.9295 making fresh five-month lows. On the data front, the United States Housing Starts Change came down to 3.2% in November from the previous 3.8%. The Building Permits Change dropped from the previous [...]
USDMXN

USDMXN Hits Monthly Lows on Dovish Fed

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USDMXN correction continues the correction started in December cancelling the rally that began since November and erased almost all the gains. In the United States, Producer Price Index (month over month) came in at 0% below the expectations of 0.2% in November. The PPI yearly reading came in at 1.1% [...]
USDMXN

USDMXN Crushes the 200-Day MA Support

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USDMXN continues lower for fifth consecutive session giving up 0.08% at 19.2761 after the Mexico Headline Inflation came in at 0.81% below expectations of 0.83% in November, the 12-Month Inflation came in at 2.97% also below expectations of 3% in November. Last week, Mexico GDP registered in at 0% below [...]