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 initially trying to rally a bit during the Wednesday session but has since been repudiated by the Mexican peso.
The USD/MXN has sustained lower values as this morning has opened in Forex.
The US dollar has rallied a bit against the Mexican peso during the early hours on Wednesday, as we continue to see a lot of volatility overall.
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The USD/MXN touched a low around 16.83000 on Friday in the midst of strong selling momentum.
The US dollar has fallen a bit during the early hours on Wednesday against the Mexican peso as we continue to bounce around between the 50 day EMA underneath and the 200 day EMA above.
The US dollar has been going back and forth during the course of the trading session on Tuesday, but overall, it has been relatively stable.
The greenback initially gapped lower to kick off the trading session on Monday, testing the 17 pesos level.
The USD/MXN has traded lower early today and continued selling since touching a high on Friday around the 17.28000 level, but the results have not come easily.
The USD/MXN quickly recovered its equilibrium and went into the weekend near values it was traversing last Tuesday.
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The U.S. dollar has fallen just a bit during the trading session on Wednesday as the 17.10 level has offered a bit of resistance.
The US dollar shot higher during the trading session on Tuesday, breaking above the 17 MXN level, and breaking well above the 50-Day EMA.
The USD got stronger across the Forex board on Wednesday and the USD/MXN mirrored the results.
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The US dollar has rallied a bit against the Mexican peso during the trading session on Monday, as we have seen US dollar strength overall.
In early trading this morning the USD/MXN is near the 16.57000 level which is within a value realm that was last traded in November and December of 2015.