The Mexican Peso (MXN) trades mixed on Tuesday during the European session after weakening over one percent in its most-traded pairs on the previous day.
The Mexican Peso trades mixed with multiple influences impacting its valuation. The political risk from planned changes to the constitution that critics say will compromise the independence of the judiciary weighs. News of Canadian tariffs on Chinese EVs and Mexican monetary policy support MXN. The Mexican Peso trades mixed on Tuesday during the European session after weakening over one percent in its most-traded pairs on the previous day.
Cooler-than-expected Mexican inflation data for August, weaker retail sales in July and carry trade flows out of the Mexican Peso might have been other background factors weighing on the currency at the start of the week. Technical Analysis: USD/MXN trades within a rising channel USD/MXN is consolidating in a broad uptrend within a rising channel. The established uptrend overall favors longs over shorts. More recently, the pair has been oscillating within a mini-range between 19.52 and 19.01.
Technical Analysis Fundamental Analysis SEO Banxico
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 continues weakening ahead of key data releasesThe Mexican Peso (MXN) extends losses in its key pairs on Thursday.
Read more »
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 bottoms out after losing an average of 5% in key pairsThe Mexican Peso (MXN) trades just off its lows of the week on Friday after a run of three consecutive days where it lost a minimum of over 1.0% in value per day, in its three most-traded pairs (USD/MXN, EUR/MXN and GBP/MXN).
Read more »
Mexican Peso struggles to add in a fourth gain in a rowThe 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.
Read more »
Mexican Peso stalls in uptrend on rumors of carry trade unwindingThe Mexican Peso (MXN) edges lower at the start of the European session on Tuesday, as rumors persist that the carry trade which had hitherto been favorable for the Peso is unwinding.
Read more »
Mexican Peso falls back after Mexico Retail Sales misfireThe Mexican Peso (MXN) took a step back against the US Dollar on Tuesday after a miss in Mexican Retail Sales.
Read more »