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 rates have warded off a potential significant breakdown, and now are turning higher back to key resistance – and former triangle support. Get your $USDMXN market update from @CVecchioFX here: https://t.co/AsgDq5PxG8 https://t.co/G6dqe12XhN
USD/MXN has been holding up relatively well during the dollar down-draft of late, actually in general emerging market currencies have been relatively weak versus USD. Get your $USDMXN technical analysis from @PaulRobinsonFX here: https://t.co/qU9dt1S57i https://t.co/NmwlzsgaJj
USD/MXN has been holding up relatively well during the dollar down-draft of late, actually in general emerging market currencies have been relatively weak versus USD. Get your $USDMXN technical analysis from @PaulRobinsonFX here: https://t.co/qU9dt1S57i https://t.co/1uej0jDUdb
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365)
News & Analysis at your fingertips.