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.


News


Mexican Peso Strengthens After Banxico Lifts Rates, Inflation Soars

The Mexican Peso gained against its major counterparts as the Bank of Mexico extended their tightening cycle and raised the key interest rates for the seventh consecutive time to 7.00%.
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Bearish USD/MXN on EMFX Favor Returning Post-Brazil


Near-term Setups in NZD/USD, AUD/USD, USD/MXN & Crude Oil


USD/MXN: Wall of Resistance Holds, Now What?


Mexican Peso Surges After Banxico Surprises with Rate Hike


Real Time News


Analyst Picks

Tyler Yell, CMT   

Forex Trading Instructor

My Picks: Bearish USD/MXN on EMFX Favor Returning Post-Brazil
Expertise: Technical Analysis, Sentiment, Intermarket Analysis
Average Time Frame of Trades: 2-5 Weeks


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