Mexican Peso (MXN) rallies against the US Dollar (USD) early in the North American session amid some risk appetite improvement despite Mexico’s worse-
Mexican Peso extends its gains, printed a 7-day low below 18.00, on risk-on impulse. Mexico's trade deficit widened to $-1.481 billion in September but didn't impact Peso's rally. US inflation data came out in line with estimates and the market is skeptical the Fed will raise rates past the current range. than-expected economic data. Inflation in the United States met estimates, as revealed by the US Bureau of Economic Analysis .
00 and a test of the 200-day SMA at 17.72. On the flip side, if the exotic pair remains above the 20-day SMA, the next resistance will emerge at the October 26 high at 18.42 before challenging last week’s high at 18.46, ahead of challenging the 18.50 figure. Mexican Peso FAQs What key factors drive the Mexican Peso? The Mexican Peso is the most traded currency among its Latin American peers.
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