USDMXN chart

USDMXN chart by TradingView


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.


US AM Digest: US Equities Softer as Trade Tariffs are Announced

US equity futures are pointing lower at the open once again, although have pared back some of their losses following the tit-for-tat trade tariff announcements between China and the United States.
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Analyst Picks

Tyler Yell, CMT

Tyler Yell, CMT Forex Trading Instructor

My Picks: Bearish USD/MXN on Intermarket Analysis, Risk-On Resumption
Expertise: Technical Analysis, Intermarket Analysis, Sentiment
Average Time Frame of Trades: 3-5 Weeks

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