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USD/MXN - US Dollar Mexican Peso

Real-time Currencies
Currency in
MXN
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17.1988
+0.1432(+0.84%)
Real-time Data

USD/MXN Discussions

"The market, which adored the peso in the last half of 2020, has fallen out of love. A combination of risk aversion and unpopular government policies (for investors) drove the Mexican peso 2.4% lower last week. It was the second consecutive week of losses of that magnitude. The attractiveness of its high rates lost some of its appeal as global interest rates rose. In the last two sessions, the dollar traded above MXN21 to return to levels not seen since early November. The (50%) retracement of the dollar's losses since last September is around MXN21.1250, and the 200-day moving average (~MXN21.20) has not been overcome for four months. A word of caution comes from the fact the greenback closed above the upper Bollinger Band (~MXN20.8590) for the second consecutive session ahead of the weekend. The MACD is stretched but still trending higher. The Slow Stochastic's ascent has slowed, but it has not turned lower. Initial support is seen near MXN20.80". - Marc Chandler
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