This is the forex quote for the U.S. Dollar against the Mexican Peso. In this quote, the value of one USD (the 'base currency') is quoted in terms of MXN (the 'counter currency'). Mexico's geographic proximity to the US and its membership in the North American Free Trade Agreement (NAFTA) makes it highly responsive to economic developments in the world's largest consumer market. As a typically higher-yielding currency, the Peso is found to be attractive at times when investors are optimistic about the state of the global economy and prioritize returns over safety. This can make USD/MXN sensitive to swings in broad-based market sentiment trends.


USD/MXN Shows Limited Reaction to Banxico’s 50bp Rate-Hike

USD/MXN showed a rather limited reaction to Banxico’s 50bp rate-hike as the central bank tamed expectations for a further pick up in the benchmark interest rate.
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Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bearish USD/MXN
Expertise: Elliott Wave, Technical Analysis, and Intermarket Analysis
Average Time Frame of Trades: 3-8 Weeks


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