FX_IDC: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 Central Bank Doubled Down on Policy to Fight Inflation

The Mexican central bank released minutes from its most recent policy meeting where members voted unanimously to raise interest rates by 50bps.
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USD/MXN Dives as Banxico Challenges Fed with a 50bp Hike


After Fed Hikes, Banxico Meets with Pressure to Protect Mexican Peso


USD/MXN Extends Gains as Banxico Meets Expectations and Hikes by 50bps


Banxico Set to Meet for First Time Since US Elections as USD/MXN Surges


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Analyst Picks

Jamie Saettele, CMT   

Sr. Technical Strategist

My Picks: observing USD/MXN
Expertise: Technical
Average Time Frame of Trades: Swing

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