Share: USD/MXN stays pressured at the lowest level in three weeks while taking offers to 16.90 amid early Wednesday. In doing so, the Mexican Peso (MXN) pair ignores the broad US Dollar strength by printing a six-day losing streak amid downbeat options market bias for the pair, suggesting the market’s optimism for Peso. […]
Share: Economists at Société Générale analyze USD/MXN technical outlook. Receding downward momentum USD/MXN deepened its downtrend towards potential support zone of 16.60/16.40 representing intermittent projections and a multiyear trend line. An initial bounce has led the pair towards July high of 17.40. Daily MACD has been posting positive divergence denoting receding downward momentum. […]
Share: USD/MXN remains on the back foot at the lowest levels since December 2015, making rounds to 16.75 while fading the early Monday’s corrective bounce during Tuesday’s Asian session. That said, the Mexican Peso (MXN) pair dropped in the last seven consecutive days amid broad-based US Dollar weakness, mainly driven by the concerns […]
Share: USD/MXN extends its losses, falling past the 16.80 mark, as the Mexican Peso benefits from easing US inflation. US Bureau of Labor Statistics shows import and export prices trending down, reinforcing previous reports of easing consumer and producer prices. Despite this, the US Federal Reserve is expected to lift rates 25 bps […]
Share: Mexican Peso recovers as weak US data sparks a sell-off, bringing USD/MXN down from a four-week high. US job growth disappoints, triggering Dollar weakness; inflation fears persist as Average Hourly Earnings rise. Mexican inflation declines for the fifth month, defying estimates; CME FedWatch Tool shows heightened odds for a Fed rate hike. […]
