Mexican Peso Plummets Against Greenback as Retail Sales Contract The Mexican Peso (MXN) experienced a 1.8% decline against the US Dollar on Tuesday following a disappointing report on Mexican Retail
In a recent development, the Mexican governing coalition MORENA has made progress on its long-awaited judicial reform initiative. Outgoing President Andrés Manuel López Obrador has been advocating for a reform
The Mexican Peso (MXN) is facing downward pressure as rumors circulate about the unwinding of the carry trade, which has been favorable for the Peso due to high interest rates
The Mexican Peso (MXN) saw a 0.6% decline against the US Dollar on Monday, signaling a temporary pause in the recent bullish trend. While the US Dollar weakened overall in
The USD/MXN pair is showing signs of bullish momentum as it tests the nine-day EMA at the 18.81 level, followed by the lower boundary of the ascending channel. This indicates
The Mexican Peso (MXN) showed resilience on Friday, maintaining its position against the US Dollar despite a slight increase. The positive sentiment among US consumers, as indicated by the University
The Mexican Peso (MXN) is experiencing a slight decline in its major pairs as traders take profits from recent long positions. This comes after the Peso saw a significant increase
As the USD/MXN pair continues its downward trend, trading around 18.60 in early European hours on Friday, investors are looking towards a potential Fed rate cut in September. The optimism
Mexican Peso Gains Against US Dollar as Retail Sales Surge The Mexican Peso (MXN) strengthened against the US Dollar (USD) on Thursday following a decline in the Greenback. US Retail
The USD/MXN pair is experiencing a downward trend, currently trading around 18.80 during the European trading hours. This decline is primarily driven by the growing expectations of a rate cut