USD/MXN jumps to 20.50 as Wall Street plunges

Risk aversion intensifies across financial markets. Treasuries also decline, US yields at multi-year highs. USD/MXN break key resistance levels, tests 20.45/50 area. The USD/MXN is rising sharply on Monday as global markets tumble. The pair jumped from below 20.00 to 20.50, hitting the highest level since May 2. It is having the biggest daily gain … Read more

USD/MXN hits lowest since March 2020 below 19.50

Mexican peso accelerates versus the US dollar at the beginning of the week. USD/MXN breaks 19.70 and then 19.50, two critical support areas. Improvement in risk sentiment boosts demand for emerging market currencies. The USD/MXN is falling for the fifth consecutive day on Monday. It reached 19.41, the lowest level since March 2020. It is … Read more

USD/MXN tumbles to lowest since January 2021 near 19.50

Mexican peso among top performers on Friday. USD/MXN trades at the lowest level since January 2021. Risk appetite, a weak dollar and a hawkish Banxico supports MXN’s rally. The USD/MXN is falling sharply on Friday, with the Mexican peso leading across the board. The pair tumbled to 19.56, reaching the lowest intraday level since January … Read more