The Mexican Peso (MXN) remains subdued against the US Dollar (USD) during the North American session as investors wait for the United States (US) Federal Reserve (Fed) monetary policy decision.
Mexican Peso recovers as US Fed holds rates, Powell highlights non-restrictive policy. Mexico's labor market strengthens with lower December Unemployment Rate, hinting at possible Banxico easing. US trade policy concerns pressure Peso, with looming tariffs threatening economic stability. The Mexican Peso appreciates against the Greenback after the US Federal Reserve decided to held rates unchanged. The USD/MXN trades at 20.51, down 0.14%, at the time of writing.
” Money market futures have priced in 50 bps of Fed rate cuts in 2025, according to CME FedWatch Tool data. USD/MXN technical outlook: Mexican Peso surges as USD/MXN drops to 20.50 The USD/MXN consolidates near the 20.50 figure for the second straight day, with traders reluctant to push prices above the year-to-date high of 20.90. Since November, the exotic pair has remained within the 20.20 – 20.90 range, capped on the downside by the 50 and 100-day Simple Moving Averages , each at 20.
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