Mexican Peso (MXN) loses territory against the US Dollar (USD) as risk aversion takes its toll after the resurgence of a Middle East conflict that inv
Mexican Peso approaches last week’s high of 18.48; USD/MXN bulls target 18.50. Mexico’s inflation slows as core CPI rate drops below 6%, headline inflation near Banxico’s target. USD/MXN trading within the 18.20-18.40 range amid a US holiday. olves Israel and Hamas. Therefore, the safe-haven status of the Greenback spurred demand, though high Oil prices have capped the USD/MXN pair rise as the fight intensifies, exchanging hands at around 18.30 for a gain of 0.86%.
80, which, if cleared, would expose the 19.00 figure. On the other hand, if sellers reclaim the 200-day Simple Moving Average at 17.79, that would pave the way to challenge the September 30 low of 17.34. 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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