USD/MXN rebounds to near 20.50 as Mexican Peso erases some gains
The USD/MXN pair bounces back to near $20.50 in Tuesday’s European session after nosediving from Monday’s high of 21.29. The pair gains as the Mexican Peso gives up some gains that were inspired by United States (US) President Donald Trump’s decision to postpone his orders of imposing 25% tariffs on Mexico and Canada.
Banxico is expected to cut rates by 50 basis points, from 10% to 9.50%, according to economists polled by Reuters. Mexico’s latest inflation figures for the first fifteen days of January reached the ...
Welcome to the Mexican Peso exchange rate & live currency converter page. The Mexican Peso (MXN) exchange rates represented on this page are live, updated every minute within the forex ...
Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
Private sector analysts expect the Mexican economy to grow 1.00% this year, a slight drop from their December forecast, a ...
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