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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.

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 Weakens Despite Nearing Repeal of US Steel Tariffs

The Mexican peso is weakening against several major currencies toward the end of the trading week. Despite senior officials claiming that they are close to striking a deal that would see the US repeal its tariffs on steel and aluminum from Mexico, the peso was unable to take advantage. This could show that traders are more concerned about its fledgling economy and the political turmoil that has unfolded […]

Mexican Peso Weakens on Trump Border Threat, Incoming Government

The Mexican peso weakened against its American counterpart at the end of the trading week. The peso tumbled after President Donald Trump threatened to close the US-Mexico border. The currency is also struggling to rally as the nation’s incoming leftist government will soon come to power.

USD/MXN Rises a Little After Mexican Central Bank Raises Key Rate

The Mexican peso slipped a bit against the US dollar during the American trading session after Mexico’s central bank raised its overnight interbank funding rate.

Mexican Peso Gains on US Dollar After Interest Rate Hike

The Mexican peso traded a bit higher against the US dollar following Thursday’s decision of the Mexican central bank to hike interest rates.

Mexican Peso Extends Slump Despite Interest Rate Hike

The recent slump of the Mexican peso, which followed the unexpected outcome of the US presidential elections prompted the central bank of Mexico to raise interest rates yesterday. But that did not help the currency much, and it continued its drop today.

Interest Rate Hike Doesn’t Help Mexican Peso

The central bank of Mexico raised interest rates on Thursday, but the market demonstrated limited reaction to the news. The Mexican peso fell during Friday’s Asian trading session, continued to be driven by concerns about the US presidential elections.

Mexican Peso Drops Following Interest Rate Hike

The Mexican peso trades below the opening level as of now even though the nation’s central bank made a bigger interest rate hike than experts had predicted.

Mexican Peso Drops amid Unfavorable Market Sentiment

The Mexican peso dropped against the US dollar today as the market sentiment was detrimental to risky assets of emerging markets.

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