USD/MXN refers to the US Dollar/ Mexican Peso currency pair. USD/MXN is an exotic pair, as Mexico is considered a developing economy, and it is being traded against a major currency....
The USD/MXN pair can be traded in the US from Sunday evening until Friday afternoon though trading volume and levels of volatility vary greatly. In general, morning hours present the best time to trade the Mexican Peso as this period includes the release of US economic data (8.30-10 am ET) and it is the window of greatest activity. Mexican peso trading hours also follow US equity and futures exchange hours. Mexico’s natural resources make it a commodity-based currency. It is a top-15 producer of oil, and the value of the MXN is strongly influenced by oil and gas price fluctuations and any other economic indicators impacting energy futures markets, such as the US Oil Inventory report. Moreover, the Mexican peso is interdependent with the Colombian peso (COP) and the Brazilian real (BRL), both of which are heavily reliant on petroleum exports. The USD/MXN currency pair is impacted by events occurring both in Mexico and the US. The two countries’ economic policies are correlated, with Banco de México frequently announcing decisions close on the heels of US Federal Reserve announcements.
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The US dollar has rallied a bit during the trading session against the Mexican peso.
After trading at a high of nearly 18.47700 on Wednesday, and above that ratio earlier last week, the USD/MXN pair began to incrementally selloff.
The US dollar has drifted a little bit lower against the Mexican peso during the trading session on Tuesday, as we continue to consolidate around the 18.50 MXN level.
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The USD/MXN has opened today’s trading and is around the 18.44845 price which is actually within the middle ground of its five day price range.
The US dollar initially shot higher against the Mexican peso during trading on Friday, reaching towards the 18.60 level.
The US dollar has shot straight up in the air again against the Mexican peso on Tuesday, as the world waits for the FOMC meeting.
The USD/MXN has seen a bullish surge higher as financial institutions have become nervous due to the election results in Mexico.
The US dollar rallied rather significantly during the trading session on Friday as the jobs number in America came out stronger than anticipated.
The US dollar has shot straight up in the air against the Mexican peso.
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The US dollar initially fell a bit during the trading session only to turn around and show signs of life.
The US dollar initially fell during the trading session on Tuesday but turned around to show signs of strength against the Mexican peso.
The U.S Memorial day observance means trading in the USD/MXN will be very light as this week begins.
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The US dollar initially tried to rally during the trading session on Friday, but then turned around to show signs of exhaustion against the peso as we are essentially swimming upstream.
The US dollar initially fell during trading on Tuesday only to turn around and show signs of life again against the Mexican peso.
The US dollar initially rallied against the Mexican peso during the trading session on Thursday but has given back some of the gains.