Free Trial

Mexican Peso Ticks Away From Multi-Year Highs

MXN

USD/MXN is unwinding last Friday's sell-off, which sent the pair to fresh six-year lows, as U.S. Tsy yields have climbed across the curve at the start to the new week. The pair last operates at MXN17.8119, around 500 pips better off.

  • From a technical standpoint, recovery past Apr 5 high of MXN18.4011 is needed to highlight a potential bullish reversal. Meanwhile, our technical analyst flags Aug 25, 2017 low of MXN17.5746 as the initial bearish target.
  • Participants look ahead to the release of Mexican CPI figures tomorrow at 13:00BST. Industrial output will cross the wires at the same time on Friday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.