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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

Mexico’s Credit Rating Makes Peso Attractive

The Mexican peso maintained its bullish momentum today after Moody’s Investor Service upgraded the nation’s credit rating last week, increasing the attractiveness of Mexico’s assets to investors.

Mexican Peso Gains as US Economy Grows

The Mexican peso advanced today as economic growth in the United States improved prospects for Mexico’s exports to its neighbor and the biggest trading partner.

Mexican Peso Suffers from Positive US Data

The Mexican peso fell today as positive macroeconomic data from the United States suggested that the Federal Reserve will be able to proceed with its reduction of stimulus program, hurting investors’ confidence and desire to invest in risky assets.

Mexican Peso Drops, Volatility Eases

The Mexican peso fell today as Forex market participants were speculating that the US Federal Reserve will continue to reduce its monetary stimulus, hurting riskier currencies.

Mexican Peso Gains as Interest Rates Remain Unchanged

The Mexican peso gained today after the central bank left interest rates unchanged after two consecutive cuts. The decision was driven by signs of economic recovery in Mexico.

Mexican Peso Suffers from QE Tampering Speculations

The Mexican peso fell today as talks about quantitative easing tampering from the Federal Reserve persisted, driving Forex traders away from riskier currencies to safer ones.

Mexican Peso Gains Ahead of FOMC Meeting

The Mexican peso gained today ahead of the Federal Reserve policy meeting on speculations that the Fed will maintain pace of its asset purchases, weakening the dollar and supporting risk-sensitive currencies.

Mexican Peso Gains as S&P Confirms Positive Outlook

The Mexican peso advanced today as Standard & Poor’s affirmed the nation’s credit rating and the positive outlook. The currency also rallied on hopes that US politicians will avoid potentially catastrophic default.

Mexican Peso Firm Even as Central Bank Performs Surprising Rate Cut

The Mexican peso was firm today even after the central bank unexpectedly cut its main interest rate and voiced concerns about domestic economic growth. The currency gained against other majors, including the US dollar and the euro.

Mexican Peso Suffers from Risk Aversion

This trading session was marked by widespread risk aversion, resulting in losses to currencies of emerging markets. The Mexican peso was among the losers.