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 – Big Support Test Coming Up

USD/MXN back to flat on the year, 200-moving average test coming up.
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USD/MXN Falls as Bank of Mexico Sells Dollars and Hikes Rates

Exiting USD/MXN long

Price & Time: USD/MXN: Eastbound and Up?

Analyst Pick: Staying With USD/MXN

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Analyst Picks

Kristian Kerr   

Sr. Currency Strategist

My Picks: Long ½ position in USD/MXN from around 17.1400. Looking to take profit on remaining position ahead of today’s IMM close.
Expertise: Technical
Average Time Frame of Trades : Few Days - Few Weeks

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