The Mexican Peso (MXN) eased slightly higher against the Greenback on Friday, but bullish momentum behind the MXN is draining quickly after putting in three straight days of gains.
The Mexican Peso is holding on the high side on Friday. An uptick in US consumer sentiment has bolstered market risk appetite. Hopes for a September Fed rate cut remain high. The Mexican Peso eased slightly higher against the Greenback on Friday, but bullish momentum behind the MXN is draining quickly after putting in three straight days of gains.
Its value is broadly determined by the performance of the Mexican economy, the country’s central bank’s policy, the amount of foreign investment in the country and even the levels of remittances sent by Mexicans who live abroad, particularly in the United States.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mexican Peso holds steady on TuesdayThe Mexican Peso (MXN) held close to flat on Tuesday, paddling around 19.00 as Peso traders find their balance following a 1.2% drop in the MXN’s value against the Greenback.
Read more »
Mexican Peso slumps on risk aversion, strong US DollarThe Mexican Peso begins Thursday’s session on the backfoot against the Greenback as investors turn risk-averse, while the Greenback remains bid and trims some of Wednesday’s losses.
Read more »
Mexican Peso falls amid safe-haven flows, sour moodThe Mexican Peso prolongs its agony against the US Dollar and dips some 0.16% during the North American session, hurt by market mood deterioration as investors flock to safe-haven currencies.
Read more »
Mexican Peso climbs after strong Economic Activity reportThe Mexican Peso recovered on Monday after ending the week with more than 2.30% losses.
Read more »
Mexican Peso tanks over 1% against USD ahead of inflation reportThe Mexican Peso dropped sharply during Tuesday’s North American session, losing more than 1.00% against the Greenback, which registers mild gains amid falling US Treasury bond yields.
Read more »
Mexican Peso weakens after data signals economic slowdownThe Mexican Peso (MXN) is trading lower in its most heavily traded pairs on Wednesday after a string of macroeconomic data releases showed below-expectations growth and activity in Mexico.
Read more »