Top Forex News

Live Forex news from all over the world.

    Archives

The Mexican peso is the currency of Mexico, while it has also limited use in border areas of the United States. The modern version of the currency was introduced in 1993, replacing the old currency that had faced a massive devaluation. Mexico’s peso is the most-traded currency in Latin America. The Mexican economy is export oriented. Most of the country’s exports go to the United States and Canada.



Mexican Peso News Archive

Mexican Peso Demonstrates Good Performance Despite Interest Rate Cut by Banxico

Friday’s performance of the Mexican peso was rather good considering that Mexico’s central bank decided to cut interest rates. The currency was about flat versus the US dollar and even managed to gain on the extremely weak euro. The good performance could be explained by the fact that the bank refrained from a deeper cut and its policy statement sounded less dovish than expected.

Mexican Peso Weakens As USMCA Remains Incomplete

The Mexican peso is weakening against its major currency rivals at the end of the trading week, driven primarily by the delay in completing the new North American Free Trade Agreement, which is also known as the USMCA. But the peso’s declines were capped by strong retail sales data for September.

Mexican Peso Strengthens Despite Doubts Over USMCA

The Mexican peso is strengthening against several currency pairs on Thursday, despite doubts over the trade agreement between the US, Mexico, and Canada. The peso is gaining on expectations of modest third-quarter growth and it is still getting a boost from the central bank recently cutting interest rates. 

Mexican Peso Mixed on Economy, Trade Uncertainty

The Mexican peso is mixed against several major currency pairs on Thursday as investors remain uncertain as to how to trade the country and the currency. There are signs that the economy is still slumping, despite cuts to interest rates and a populist left-leaning government willing to spend money. With trade uncertainty lingering in the background, the peso might be in store for some choppy waters.

Mexican Peso Mixed on Weak Industrial Output, Expected Rate Cuts

The Mexican peso is mixed against a basket of currencies to end the trading week. Investors are combing through the nation’s latest industrial production numbers for July, while also monitoring monetary policy. With inflation lower than what central banking officials want and the economy enduring immense uncertainty, analysts are unsure how the government will tackle the situation.

USD/MXN Rises amid Mexico’s Poor Data, US-China Trade Conflict

The Mexican peso fell versus the US dollar today despite the greenback was soft itself. The likely reason for the peso’s weakness was Mexico’s poor macroeconomic data. Escalation of the US-China trade war also had a very negative impact on the currency.

Mexican Peso Resilient Despite Central Bank’s Minutes, Declining Industrial Production

The Mexican peso was relatively stable today despite dovish monetary policy meeting minutes of the nation’s central bank and unfavorable domestic macroeconomic data. Political turmoil was also putting pressure on the currency, which was surprisingly resilient during the current trading session.

USD/MXN Surges After Mexican Finance Minister Resigns

The Mexican peso sank versus the US dollar today amid political turmoil caused by the surprise resignation of Mexico’s finance minister. Nation’s consumer inflation slowed a bit last month but was not bad overall.

Mexican Peso Gains on US Dollar Ahead of Central Bank’s Meeting

The Mexican peso gained on the US dollar today ahead of tomorrow’s monetary policy meeting of Mexico’s central bank.

Mexican Peso Trades Sharply Higher After Trade Starts

The Mexican peso traded sharply higher today after Monday’s trade started. The currency gained on the news that the United States and Mexico managed to reach a deal that will allow to avoid a tariff war.

Navigation

Menu