USD/MXN rebounds to near 20.50 as Mexican Peso erases some gains
The USD/MXN pair bounces back to near $20.50 in Tuesday’s European session after nosediving from Monday’s high of 21.29. The pair gains as the Mexican Peso gives up some gains that were inspired by United States (US) President Donald Trump’s decision to postpone his orders of imposing 25% tariffs on Mexico and Canada.
Banxico is expected to cut rates by 50 basis points, from 10% to 9.50%, according to economists polled by Reuters. Mexico’s latest inflation figures for the first fifteen days of January reached the ...
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Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
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The U.S. dollar skyrocketed over the weekend, climbing to a three-week high on Monday after President Donald Trump lived up ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
The Mexican Peso (MXN) recovered some ground after weakening to an almost three-year low of 21.28 against the US Dollar (USD) ...
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