USDMXN chart by TradingView

USD/MXN

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.


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Analyst Picks

Paul Robinson

Paul Robinson   

Market Analyst

My Picks: USDMXN Short, Pending
Expertise: Technical
Average Time Frame of Trades: Several days to several weeks


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