The Mexican Peso (MXN) returned six-tenths of one percent to Greenback bidders on Monday, paring back recent gains as Peso bulls took a breather.
The Mexican Peso gave back 0.6% against the US Dollar on Monday. Mexico has limited representation on the economic calendar this week. Jackson Hole looms large in the week ahead alongside US PMI figures. The Mexican Peso returned six-tenths of one percent to Greenback bidders on Monday, paring back recent gains as Peso bulls took a breather. The US Dollar is broadly softer across the board to kick off the new trading week, but recent Peso-positive flows have briefly reversed direction.
35, with a hard floor priced in at the rising trendline drawn from April’s lows near 16.25. USD/MXN daily chart Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers.
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